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What Is a Health Savings Account?

Success

We all know we need to prepare for future healthcare costs, but learning how much to save can be difficult. They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. However, you can still use the money on qualified medical expenses. What is an HSA?

Health 278
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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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Do I Need to Buy Life Insurance?

Success

Keep reading to learn about the different types of life insurance policies, how to determine if you need to buy it, and how much your policy should be worth. In addition to the length and amount of the policy affecting the cost, finalizing a life insurance quote may require a medical exam before the policy can be underwritten and implemented.

Policies 264
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What is a W-2?

Payroll 52
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Procrastination at Work: How to Practice Better Time Management

BMT Office Administration

Read on to learn more about the causes of procrastination and how you can stop it in its tracks. Each type is unique, as they each have unique incentives and adverse effects, so let’s learn more about each. Their major fear is making a significant error that either ruins the project or costs them their job. Presenteeism.

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How to overcome the downsides of contract work

Page Personnel

The benefits aren’t as good It differs from company to company, but basic employee benefits can cover everything from childcare leave to medical costs. Suggested fix Unexpected costs are great reasons to keep an eye on your pipeline and to maintain rate integrity. In some cases, they even cover trips to the therapist’s office.

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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

And don’t use filing as an excuse to ‘need’ an in-office worker, if you haven’t moved to an electronic files system it’s high time you did. Even the medical field , infamous for paperwork, is transitioning to electronic files. Feel free to contact me ! Related Posts: No Related Posts.