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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

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.

Filing 121
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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
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Filing system technique

Clutter Coach

by Using a pre-made file system can be a great idea, but only if you buy into it completely. Systems in general, filing and other, often have lots of moving parts that need to mesh together so if you leave one out because you don’t really like it, the system will eventually break. Don’t make it too narrow and specific.

Filing 100
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Preparing to Move Overseas? Read This First

Success

As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. medical insurance may only provide minimal coverage for urgent situations outside the country. You have to file U.S.

Medical 263
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What Is a Health Savings Account?

Success

They let you cover medical expenses like copays and deductibles while providing a tax break and helping you save for the future. Not everyone has access to these plans, but if you do, they can be invaluable for preparing for future medical expenses. However, you can still use the money on qualified medical expenses.

Health 224
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Do I Need an Estate Plan?

Success

The executor you name will handle your bequests and filing pertinent information with the court. Having a living will, medical power of attorney and a last will and testament is a good start for most people. After you die, your estate will transfer to probate , the formal process of distributing any assets you leave behind.

Medical 200
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Final e-filing regs. The IRS punted on its final regulations , dropping the mandatory e-filing threshold for information returns for 2021 and 2022 W-2s, 1099s, and 1095s. It’s unlikely it will postpone releasing the final regs for yet another filing season. These regs will scoop up smaller employers into the e-filing net.

Payroll 52