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Underwriting employees’ educational expenses tax-free

BMT Office Administration

A debt-free education courtesy of your employer sounds nice, but it’s not so straightforward. Many employers offer debt-free education as the latest in a long line of probably taxable perks. Many employers offer debt-free education as the latest in a long line of probably taxable perks. Tax-free education under Treas.

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

BMT Office Administration

These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must. Also, you’re legally obligated to retain these records for at least one year by the EEOC. However, you should include an emergency contact for each employee in case you have difficulty reaching them.

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Employee Records: End of year review & preparing for next year

BMT Office Administration

Not only that, but with the end of the year just around the corner, companies need to know which documents they need to keep and which they can discard without incurring any legal penalties. Employers keep many records and documents about their employees, not only for legal requirements but also because it’s just a good business practice.

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Webinar Employee Expense Reimbursements: Compliance Workshop

Office Dynamics

Get educated now on the new rules of employee expense reimbursements! The legal and financial risks of mishandling employee expense reimbursements have spiked in recent years. The result: an unhappy employee—and your company would be on the hook for the related payroll taxes and penalties. View this online. Join us Sept.

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