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

BMT Office Administration

Records relating to promotion, demotion, transfer, or layoff. Health insurance forms. Also, many employers who provide group health plans are subject to privacy obligations under the federal Health Insurance Portability and Accountability Act (HIPAA). Pay authorization forms. Payroll deduction forms.

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

BMT Office Administration

Besides the EEOC, the IRS also has requirements for employee documents, including which forms you need to have for each employee, such as W-4s. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. Here’s what you’ll need to include in your confidential employee files.

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. Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you. Smart businesses ease such concerns with proactive measures. Per the U.S.

Policies 105
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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? In fact, ROBS is currently the most popular form of business financing in 2023. It also depends on the health of the economy, as banks are less willing to give out business loans during recessions. Are you eager to launch a startup or new business?

Finance 105
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Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

Remember that business success often comes with experience and experience comes form making mistakes – bootstrapping will allow you to make mistakes and recover from them. PAYweb Small Business Payroll Said on February 23rd, 2009 at 6:29 pm Great article, and very interesting comments. Thanks for the comment. – ST.

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