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3 Smart Money Moves to Make Before Starting a Business

Success

Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford. Tools such as Mint and YNAB (You Need a Budget) can be great resources for budgeting and tracking this key financial information.

Finance 346
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

These documents tend to be ones containing sensitive or confidential information. For instance, employers cannot include medical information in an employee’s general personnel file due to the Americans with Disabilities Act (ADA). Beneficiary information. Confidential files for records with information such as: Date of birth.

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

BMT Office Administration

To clear things up, we’ve put together this extensive guide breaking down what you should and shouldn’t include in your employee files — so read on to learn more. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must. Why do you need to keep personnel files?

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

BMT Office Administration

Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What information needs to be included on form 1099 NEC? Payer’s TIN.

Payroll 52
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What electronic record-keeping software best fits your needs?

BMT Office Administration

It also ensures that any information necessary is easily retrievable. Software systems also tend to be more secure for sharing sensitive information including employee forms with SSNs and other private data. However, it is best to avoid keeping unnecessary documents on file if they have private information. Preventing lost data.

Filing 98
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Time management tools to help you get ahead at work

BMT Office Administration

Keep reading to learn more about the best time management tools. There is a wealth of useful and actionable information that can come from time tracking. Project tracking is also great if you are in an industry such as legal or consulting where you need to track billable hours. QuickBooks Time (Formerly TSheets).

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4 Monumental Ways Banning Noncompete Clauses Will Transform The Future Of Work

Allwork

Agreements like noncompete clauses are part of how information like that remains confidential. It would also require employers to rescind existing noncompetes and actively inform workers that they are no longer in effect.” . Loss of Intellectual Property and Proprietary Information .

Policies 331