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

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. However, sometimes people mistakenly think of these files as a catch-all for an individual’s paperwork. Rather, understand that general personnel files serve a distinct purpose. What to include in an employee’s personnel file.

Filing 121
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Wall Street Whispers: Big Banks Discussing Bankruptcy Strategies For WeWork

Allwork

These discussions revolve around the potential for WeWork to file for chapter 11 bankruptcy, although no formal proposals have been presented to the company’s board yet. WeWork’s financial health has been under scrutiny, especially after the company reported that it failed to achieve profitability earlier this month.

Filing 130
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Unique Corporate Gifts Your Clients and Employees Will Love

Success

Yet, such gifts send a mixed message to your health and well-being programs. Speaking of gift bundles and snacks, prepared corporate gift boxes have become wildly popular as company presents. A growing number of companies provide health and wellness programs to avoid unhappy employees— and high-cost turnover. Keep a file.

Gifts 264
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. resident, you must be physically present in a foreign country or countries for at least 330 full days during any period of 12 consecutive months.

Legal 264
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The New Normal: Finding Routine and Perspective in Coffee Shops

Success

I can’t imagine anyone having made it through 2020 without some sort of mental health struggle. And yet they say that, despite the very real health and financial consequences of a pandemic, extreme events tend to exaggerate difficulties that are already there, simmering under all the coping mechanisms we’ve created to keep them at bay.

Filing 312
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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

Payees must usually present an affidavit attesting they can receive the payment. health, dental, vision, retirement) and involuntary deductions, like garnishments. For the year the employee died, you file W-2 and 1099-MISC forms. To file the 1099-MISC, you must have the payee’s Taxpayer Identification Number.

Payroll 52
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Bad Credit 101: The Small Mistakes That Are Killing Your Score

Success

Your credit utilization ratio is another major factor that determines your FICO score and, therefore, your overall credit health. If you find any erroneous information on your report, you can: File a dispute directly with the credit bureau(s) reporting the error. Using too much credit isn’t good.