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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. Form 1023 is the application needed to apply for section 501(c)(3) status. The cost to file Form 1023-EZ is $275. Is there a big enough need for your services?

Filing 162
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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

.” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. There is no legal distinction between the owner and the business. Firstly, it is the simplest and least expensive form of business to set up and maintain.

Legal 261
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Alternative Legal Structures for Social Entrepreneurs

Small Business Labs

.   The Wall Street Journal has a good article covering the different legal structures social organizations can use to better accomplish their combined mission of social good with business practices.    Because of the legalities involved, I'm referring you to the article for more details. 

Legal 100
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AI Probably Won’t Take Your Job In 2024

Allwork

In support of this theory, Gartner’s analysts are pitching the idea of “Symbiotic Intelligence,” which refers to a synergy between human and machine intelligence. businesses across a wide spectrum of industries are using AI in some shape or form. The report found that hundreds of U.S.

2024 283
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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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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Health insurance forms. Note that employers who are required to encourage applicants and employees to self-identify as an individual with a disability under Section 503 of the Rehabilitation Act must keep these self-identification forms separate from all other records, including other medical records. Pay authorization forms.

Filing 121
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

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. Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later.

Filing 52