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

BMT Office Administration

Health insurance forms. Also, many employers who provide group health plans are subject to privacy obligations under the federal Health Insurance Portability and Accountability Act (HIPAA). Learn about these requirements at the Department of Health and Human Services’ HIPAA website. Reference and background check results.

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

BMT Office Administration

Recruitment documents Human resources departments should retain documents related to the hiring process, especially if you need to refer back to them later. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. health insurance, dental, vision, etc.).

Filing 52
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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The Four Horsemen of the Mandated Return to Office

Allwork

That term refers to employees psychologically disengaging from their work, and doing just enough to get by without getting in trouble. Another centered on helping staff address burnout, such as by providing mental health benefits. Quiet Quitting. Boosting culture . Addressing quiet quitting required a range of techniques.

2022 342
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a 1099?

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes. Equity (net worth) What does it mean when someone refers to their business’s equity? Equity refers to the total value of a company’s assets minus the cost of its debts.

Finance 105
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

This not only aids in creating a comprehensive procedural document for future use, but also provides a reference for the new hire to revisit as needed while they’re learning the ropes. Health and Safety: Policies related to workplace safety, emergency procedures, and health guidelines.