Remove Expenses Remove Filing Remove Legal Remove Management
article thumbnail

Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 264
article thumbnail

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
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. Like many other workplaces, Laura’s office could benefit considerably from implementing electronic records management (ERM). An ERM system enables people to find the right information when they need it.

article thumbnail

What electronic record-keeping software best fits your needs?

BMT Office Administration

Keeping track of paperwork can be a challenge, It’s easy to misplace a file or even spill coffee on a document on your desk. If your desk is still cluttered with paper files or documents, it’s probably time to consider switching to electronic records management (ERM). Better file retention compliance. Saving time.

Filing 98
article thumbnail

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

BMT Office Administration

When you can show a thoughtful, standardized records management procedure to a relevant third party such as a lawyer or auditor, it backs up your decisions. Input from senior management, human resources, and the record-keeping department is a must. When constructing your policy, examine legal and regulatory guidelines.

Policies 105
article thumbnail

How to Choose a Financial Adviser

Success

There are multiple types of financial advisers, and each can help you manage your money. Financial advisers can help you with much more than investing topics, including debt management and retirement plans. Traditional advisers are usually the most expensive and may require a high minimum investment balance.

article thumbnail

Upcoming regulatory initiatives and their impact on payroll

BMT Office Administration

Wagner is the APA’s senior director of government relations and Linehan is assistant manager of government relations. Employees, however, don’t always tell you they’ve moved and their managers don’t tell you either. The process should include Payroll , the tax department and your legal department. Nexus and remote employees.

Payroll 52