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

BMT Office Administration

Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What information needs to be included on form 1099 NEC? Payer’s TIN.

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

BMT Office Administration

Employers covered by the Family and Medical Leave Act ( FMLA ) are required to make, keep and preserve certain records pertaining to their obligations under the law. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Per the U.S. Department of Labor.

Policies 105
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Blockchain In Recruiting: Will That Impact A Recruiter's Job?

Recruit CRM

3 Major Applications Of Blockchain Technology Applications of blockchain technology consist of the following: Delivery of immediate, shared and completely transparent information, something that cannot be reversed and can be accessed by only network users who have authorisation. Helps in tracking orders, payments and accounts.

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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Electronic information management eliminates guesswork by providing systematic storage, maintenance, and disposition of records. An ERM system enables people to find the right information when they need it.