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Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. Form W-2 filing requirements.

Payroll 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Marketing and Branding Essentials Share the corporate branding guidelines so they know the appropriate use of logos, colors, fonts, etc. Tools of the Trade Familiarize them with the essential programs and platforms used by the company (project management, file management, internal communications, virtual meeting platforms, etc.),

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It’s time to review (or create) your document retention policy

BMT Office Administration

When constructing your policy, examine legal and regulatory guidelines. Keep copies of your filed tax returns permanently. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Always research rather than assume. Requirements may prove surprising.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Electronic files allow approved people to get what they need regardless of where they are at. Payroll information. Their retention and deletion follow guidelines adhered to by everyone at the company. OSHA forms.

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IRS provides additional information on IRIS system

BMT Office Administration

The IRS is so serious about IRIS, its new simplified e-filing platform for information returns, that it’s convening monthly working group meetings over the internet. You can e-file through FIRE and IRIS, but don’t file the same returns through both platforms. TCCs, Crawford said, are your e-filing credential.

Filing 59