article thumbnail

Way Beyond The 9-to-5: Could A 70-Hour Workweek Ever Be A Good Thing?

Allwork

Globally, there are variations in legal workweek lengths, with countries such as Mexico, India, and South Korea permitting longer than the typical 40-hour weeks. While a creative solution, Murthy’s call for a 70-hour workweek will likely result in nothing but declining task-completion returns on a ballooning payroll budget.”

Payroll 279
article thumbnail

Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

The sticky questions Legal opinions differ regarding the constructive/actual receipt issues. We’re not going to say who’s right and who’s wrong because although we have an opinion, we can’t dispense legal advice. Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay.

Payroll 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Other reasons why timesheet approval is a necessity include: It ensures proper payroll processing. Whenever a manager submits their employee timecards to payroll , they need to be extremely precise.

Payroll 52
article thumbnail

3 Smart Money Moves to Make Before Starting a Business

Success

Because business growth requires capital to support payroll, accounts receivable, inventory and more, it’s a good idea to establish forecasting models. Tools such as Mint and YNAB (You Need a Budget) can be great resources for budgeting and tracking this key financial information. All investing involves risk.

Finance 345
article thumbnail

Choosing the Right Payroll Programs for Small Business

Small Business CEO

Automating payroll processes promises saved time and increased efficiency, however, the process of switching may appear daunting, particularly if there is uncertainty about which payroll program is right for the organisation. Tips on how to choose the right payroll software solution : Examine the business needs.

Payroll 40
article thumbnail

Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

Payroll 52
article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

These software services can be a budget-friendly option for easy file storage and document sharing, but they do also come with some limitations: Pros: Most of the top cloud-based file storage and sharing tools are fairly user-friendly and offer a minimal learning curve. This makes it an appealing choice for small businesses on a budget.

Filing 98