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

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. Courts and government agencies frown upon individual employees selectively keeping or tossing important documents.

Policies 105
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

The intricacies of managing your tax information, including all the nuances of making sure you filed your tax information the right way, can feel overwhelming. Firstly, it is the simplest and least expensive form of business to set up and maintain. Freelancers may be interested in a sole proprietorship for several reasons.

Legal 264
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Do I Need to Buy Life Insurance?

Success

People purchase life insurance to help their families replace lost income and cover final expenses after death. Remember: The larger the policy amount or the longer you want the policy to be in effect, the more expensive the premiums. Tell the executor of your estate and your close family members where to find the documents.

Policies 264
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How to Start a Nonprofit Organization In 5 Simple Steps

Success

While gathering this information may seem overwhelming when starting a nonprofit organization, none of this has to be set in stone. The general public is entitled to see these documents,” says Snow. Each state has different rules and regulations for filing. You’re not just filing the 990 to maintain your tax-exempt status with the IRS.

Filing 162
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Want To Work At The Ritziest Coworking Office In The World? It’s Going To Cost You

Allwork

Information about the club is sparse and the website provides nothing more than an inquiry form and a way to log in for already-approved members. But what is it that makes this space so expensive and what sets it apart from a traditional coworking space? Let’s find out. How much will a membership cost?

2023 290
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Want to Participate in Giving Tuesday? This Guide Explains Everything About Donations, Deductions and Volunteering

Success

Our tagline is ‘empowering patients’,” Paolucci says, “because when you’re diagnosed with cancer, you get a ton of information, and [when] people are suddenly doing stuff to you, you lose control quickly.” Each year, hundreds of kits go to New York metro area hospitals and health care centers. Lee Reams Sr.,

Clothes 306
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What electronic record-keeping software best fits your needs?

BMT Office Administration

Keeping track of paperwork can be a challenge, It’s easy to misplace a file or even spill coffee on a document on your desk. If you don’t have that document backed up in an electronic format, you may have just lost important company or employee data. It also ensures that any information necessary is easily retrievable.

Filing 98