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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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6 Commonly Overlooked Tax Deductions to Maximize Your Return

Success

“Can a dead person deduct medical expenses?” “Can Office expenses and supplies Paul Miller, managing partner and CPA at Miller and Company, LLP in New York, says amidst the complexities of the tax code, this write-off is often overlooked. Can I claim my pet as a dependent? What about my au pair?” 223(d)(2)(D).

Expenses 208
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Gig Workers’ Rights On The Line In Massachusetts Supreme Court Battle

Allwork

Ride sharing companies have long maintained that their drivers are independent contractors — citing the flexibility and ability to work for multiple apps as key characteristics of the work arrangement. The outcome of this legal battle could set a precedent for other states grappling with similar issues in the gig economy.

Legal 130
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52
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Preparing to Move Overseas? Read This First

Success

As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. medical insurance may only provide minimal coverage for urgent situations outside the country. You have to file U.S.

Medical 264
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How long do employers keep employee records?

BMT Office Administration

A question most new HR professionals ask is, “How long do I have to hold onto these employee records once they’re no longer with the company?” Which Files Do You Need for Your Employees? In general, there are three types of employee files you should keep: Personnel files. Payroll files. Medical files.

Payroll 98
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. It’s unlikely it will postpone releasing the final regs for yet another filing season. These regs will scoop up smaller employers into the e-filing net.

Payroll 52