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The Power of Documentation in the Workplace

Eat Your Career

As a passionate writer, a naturally forgetful person, and a self-confessed control freak, I have always believed in the power of documentation, especially in the workplace. Documentation is a vital tool for enhancing productivity, accountability, transparency, and (most importantly) peace of mind.

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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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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. Some organizations with income less than $50,000 can file Form 990 E-Z or Form 990-N , a short electronic form also referred to as an “e-postcard.” “The

Filing 162
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

.” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. LLC: An LLC, or Limited Liability Company , is an appealing legal business structure for freelancers.

Legal 264
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5 Long-Term Financial Goals and How to Achieve Them

Success

Build generational wealth Expected time: Decades Account types: Life insurance, real estate and property investments, brokerage accounts, retirement accounts Generational wealth refers to the money and assets you pass on to your descendants, such as children and grandchildren.

Goals 288
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Knowing what to keep and the location of each document is vital to easy retrieval and to maintaining compliance with government and industry regulations. If so, then the document should be included in the employee’s general personnel file.”. Recruiting and screening documents. Termination documentation.

Filing 121
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While it’s clear that you need to keep a separate file for each employee, which documents should you include in it? After all, there are some documents that you’ll need to keep confidential , and there are some that you don’t even need to include in your personnel files.

Filing 52