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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. Form 1023 is the application needed to apply for section 501(c)(3) status. The cost to file Form 1023-EZ is $275. Is there a big enough need for your services?

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. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 264
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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. Health insurance forms. Reference and background check results. Pay authorization forms. Pay authorization forms. Payroll deduction forms. Keep I-9 forms in a separate file. Workers’ compensation claims.

Filing 121
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It’s time to review (or create) your document retention policy

BMT Office Administration

Such action raises concern about cover-ups. When you can show a thoughtful, standardized records management procedure to a relevant third party such as a lawyer or auditor, it backs up your decisions. They can address concerns related to storage, automation, security, back-ups, and destruction of documents. Per the U.S.

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

BMT Office Administration

To clear things up, we’ve put together this extensive guide breaking down what you should and shouldn’t include in your employee files — so read on to learn more. Are your employees up to date with their fire safety and first-aid training? Also, you’re legally obligated to retain these records for at least one year by the EEOC.

Filing 52
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3 Ways to Create a Better System for Information Management

All Things Admin

For example: FORMForms LTR – Letters MEMO – Memos LBL – Labels MAP – Maps ENV – Envelopes RPT – Reports SIGN – Signs BOD – Board of Directors Keep this list of abbreviations posted where you and others who may need it can easily reference it when creating or searching for files. Some track things via Slack.

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Stay organized and secure with electronic records management

BMT Office Administration

He put Laura in charge of going through a bunch of drawers with instructions to make folders to organize papers of current worth, box up other documents that somebody might need down the line, and toss insignificant and old material. Such a management system utilizes information technology to organize and store records in electronic form.