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

BMT Office Administration

Worried that your company might not have a particular document on hand if the IRS conducted an audit? They create a document retention policy that clarifies what needs to be saved, where, and for how long. They create a document retention policy that clarifies what needs to be saved, where, and for how long.

Policies 105
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AI Probably Won’t Take Your Job In 2024

Allwork

businesses across a wide spectrum of industries are using AI in some shape or form. Leaders at these companies also committed to meeting with the government to help guide public policy. Similarly, 50% of employees at law firms and 55% of tax and accounting firm professionals cited internal efficiency as one of their top priorities.

2024 255
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Introduction to Procedures: Usage, Terminology, and Tips for Getting Started

All Things Admin

Procedures are documented, step-by-step instructions for performing tasks or processes. When documented procedures exist and are available to everyone, it’s easier to delegate when necessary without having to spend time explaining what needs to be done and how to do it. What Are Procedures and Why Are They Important?

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

BMT Office Administration

For instance, if your employment records contain all the disciplinary actions and policy violations committed by the offending employee, you’ll have a better chance of defending your decision to terminate an employee in court. While it’s clear that you need to keep a separate file for each employee, which documents should you include in it?

Filing 52
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Stay organized and secure with electronic records management

BMT Office Administration

He put Laura in charge of going through a bunch of drawers with instructions to make folders to organize papers of current worth, box up other documents that somebody might need down the line, and toss insignificant and old material. Such a management system utilizes information technology to organize and store records in electronic form.

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5 SOP examples for your business

BMT Office Administration

In order to produce more consistent results and streamline your internal operations, it can be beneficial to create standard operating procedures for everyone to follow. Implementing and documenting standard operating procedures (SOPs) is a great way to make sure that all staff members are completing their tasks in the correct manner.

Payroll 72
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

As a result, the IRS was flooded with loads of improperly claimed 941-X forms, causing them to issue a moratorium for new ERC claims that began on September 14, 2023. This includes income tax returns, Forms 941 and 940, and information returns. Reinforce your organization’s general policies regarding attendance.

Payroll 52