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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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Flexibility Beyond Arrangements – Why Companies Should Adopt Flexible Compensation Programs

Allwork

Biweekly payments have been the norm for decades now, serving as a guideline for workers to create a budget. Research from the American Payroll Association (APA) shows that over 60% of American workers would prefer having immediate access to their daily earned wages, or what some refer to as a Pay-on-Demand program. .

Payroll 218
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New guidelines for electronic W-4s you probably missed

BMT Office Administration

Without any fanfare at all, the IRS included new guidelines for electronic W-4s in the 2022 edition of Pub. The general guidelines for electronic W-4s have been around for a long time. Employers asked how long they have to implement the new guidelines. The IRS has responded with an emphatic “You can’t do that!”. The timeline.

Forms 52
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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Your working policies should create clear guidelines around remote and on-premise work and prevent chaos on the work floor. Does this bring with it an opportunity to save costs? The answer is not so clear-cut.

Policies 297
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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. Health and Safety: Policies related to workplace safety, emergency procedures, and health guidelines. Feedback Mechanism: Guidelines for giving and receiving feedback within the team.

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

BMT Office Administration

1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Booth copies must be sent out by January 31. Control number.

Payroll 52
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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. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. When this happens, the Uniform Preservation of Private Business Records Act serves as a guideline.

Policies 105