The Small Business Blog
MARCH 27, 2019
What Costs Can You Claim Through R&D Tax Credits? And if you’re working in scientific, technological, medical or engineering research, the government can end up giving you quite a lot of money, through a scheme called research and development tax credits. The key is that the costs must relate to the research specifically.
BMT Office Administration
JULY 3, 2023
Besides that, your confidential medical records will let you know if any team members have disabilities that you need to consider when planning and assigning tasks. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.
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BMT Office Administration
DECEMBER 19, 2022
The Americans with Disabilities Act (ADA), Fair Labor Standards Act (FLSA), and Family Medical Leave Act (FMLA) have also had significant impacts on employee recordkeeping and personnel files — further complicating the issue. These documents include payroll records, time cards, pay rate information, and anything else related to payment.
BMT Office Administration
NOVEMBER 16, 2022
1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Medical and health care payments. Control number.
Tips From T. Marie
MARCH 21, 2012
But, he said, the city could use the payroll savings. Even the medical field , infamous for paperwork, is transitioning to electronic files. Converting an in-office worker to a telecommuting employee saves money by reducing overhead costs.
Small Business CEO
JULY 2, 2012
Having un- or under-insured employees means that your workforce will likely forego routine checkups and needed medical care for all but the most dire medical problems. If you’re considering raising salaries and dropping insurance, you’re not looking at hidden costs.
BMT Office Administration
APRIL 12, 2023
Payroll files. Your payroll files should include W-4s, W-2s, timesheets, direct deposits, and wage rates. Medical files. All employee documentation related to benefits should go in your medical files. ADEA (Age Discrimination in Employment Act) record requirements state you must retain payroll records for three years.
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