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Should Your Company Be Labor Hoarding? HR Leaders Share Why They Believe The Answer Is Yes

Allwork

The basic reason for the term and trend is because employers decide to ride out the uncertainty with higher payrolls in order to avoid the long-term costs of hiring and training new people when the economy rebounds,” Fountain told Allwork.Space. .

Payroll 279
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Or were you recently promoted to a financial role in your organization? The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In Revenue differs from profit in that revenue doesn’t include expenses. The good news?

Finance 105
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. In particular, ADA mandates that all medical files must be kept confidential, and FLSA states that you must retain all payroll records for at least three years. Instead, you need to keep them in a separate database.

Filing 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Smart businesses ease such concerns with proactive measures.

Policies 105
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What electronic record-keeping software best fits your needs?

BMT Office Administration

You may need to pull employment records to defend yourself against a wrongful termination lawsuit , verify compliance during a government audit, or simply review an employee’s history when considering them for a promotion. More expensive than basic file storage options. Types of electronic record-keeping software.

Filing 98
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Frugal Business Spending: A Must In A Tough Economy

Small Business CEO

There is a tax benefit to help promote green technology plus it would also be beneficial to the environment. The goal is for you to reduce your expenses by getting rid of the unnecessary cash outflow. Tags: Entrepreneurs budget expenses finances. You also might want to look into using energy-efficient technology.

Finance 40