BMT Office Administration
JUNE 3, 2023
If you don’t want employees to feel the bite or, as many have predicted, the Supreme Court tanks the plan, you can amend your IRC § 127 educational assistance plan to allow you to pay back up to $5,250 a year in employees’ loans. The IRS says it can and will pilot it during next year’s filing season. Don’t be overconfident.
BMT Office Administration
NOVEMBER 21, 2022
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.
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BMT Office Administration
JULY 3, 2023
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?
BMT Office Administration
FEBRUARY 23, 2023
We’ve been waiting for the IRS to release final regulations on mandatory e-filing of information returns for quite some time. 31 e-filing deadline, we made an educated guess and said it wouldn’t make the same mistake again. Options for small employers: Small employers may never have thought about e-filing.
BMT Office Administration
DECEMBER 19, 2022
If you aren’t part of HR or are new to the department, you may not know which employment records you need to keep on file. After all, the US Department of Labor has some stringent requirements for employee files, including some federal laws. This category can also include awards, promotion records, and education/training records.
BMT Office Administration
AUGUST 8, 2022
Keep copies of your filed tax returns permanently. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. If you have employees, you must keep all employment tax records for at least 4 years after the date the tax becomes due or is paid, whichever is later.
All Things Admin
FEBRUARY 27, 2024
Tools of the Trade Familiarize them with the essential programs and platforms used by the company (project management, file management, internal communications, virtual meeting platforms, etc.), Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule.
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