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

BMT Office Administration

Legal consult proves especially helpful in matters involving the organization’s litigation hold policy. Their advice places a legal hold on physical and electronic records that should not be deleted because of potential future use. When constructing your policy, examine legal and regulatory guidelines.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. The second action opens up the company to potential legal and regulatory problems. Some types of business records, such as tax forms and legal documents, are relatively easy to spot.

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An Admin’s Cheat Sheet to Business Terminology

All Things Admin

P&L – Profit & Loss: This is a financial statement that shows the revenues, costs, and expenses of a company over a particular period of time. Margin – This is profit from a product or service after all expenses have been covered. It is calculated by dividing the net profit by the investment cost.

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

BMT Office Administration

It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor. You can find each non-employee’s TIN on their W-9 form.

Payroll 52
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Stay on track with this payroll compliance checklist

BMT Office Administration

There are a couple of common mistakes that can occur at this stage, including: Paying someone as an independent contractor when they do not meet the legal criteria for this classification. The Fair Labor Standards Act ( FLSA ) provides clear guidelines on which employees may be classified as exempt vs. non-exempt.

Payroll 52
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The Do’s And Don’ts Of Digital Document Management Systems (DMS)

Small Business CEO

If important files, such as client proposals, technical notes or legal NDAs for example, generated on laptops or Tablets belonging to outreach personnel are not backed up, then you could end up losing precious data if they are lost, stolen or tampered with. Do you need an onsite, hosted or hybrid solution?

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Did You Know Paper and Other Things in Your Office Hold Emotion?

Stephanie LH Calahan

While we often talk about rules and guidelines for getting rid of things, let's address the world of stuff from a different direction. Let Go of These Excuses "It was expensive and I can't stand to see it go to waste." S ave it in the place where it belongs. Is it Bubble Wrap Worthy? Is it worth keeping?   :-).

Gifts 100