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How to Start a Nonprofit Organization In 5 Simple Steps

Success

Donors asked if they can deduct the cost of the donated items on their tax return, and a few people suggested you make your project legal by filing for nonprofit status. For example, one state may require the board to have at least three members, and another state may require only one. The cost to file Form 1023-EZ is $275.

Filing 162
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A Third Way to Classify Workers Gains Momentum

Small Business Labs

The passage of Prop 22 means that firms like Uber and Lyft can legally classify their drivers as contractors instead of employees.  Most countries refer to them as "dependent contractors" and they get some, but not all, of the benefits and legal protections associated with being a traditional employee. But the U.S.

Legal 207
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3 Ways to Create a Better System for Information Management

All Things Admin

Here are two examples of this. For example: FORMForms LTR – Letters MEMO – Memos LBL – Labels MAP – Maps ENV – Envelopes RPT – Reports SIGN – Signs BOD – Board of Directors Keep this list of abbreviations posted where you and others who may need it can easily reference it when creating or searching for files.

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

BMT Office Administration

For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. Besides the EEOC, the IRS also has requirements for employee documents, including which forms you need to have for each employee, such as W-4s. Why is that?

Filing 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
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In-Depth Guide to the Timesheet Approval Process

BMT Office Administration

In fact, this is why human resources professionals still refer to clock-in times as ‘punches.’ For example, a solid timesheet approval system will help you stay on budget, and you can gain insights into your workforce’s productivity. Recordkeeping for legal requirements. Controlling costs.

Payroll 52
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How to Create Strategic Partnerships

Success

It’s important to pay attention to the business matters at hand along with their legal aspects and personalities, he adds. It is not illegal for an information technology firm and a janitorial services company to form a partnership, but how many opportunities will that create?” Win-win-win.

2012 231