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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

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

BMT Office Administration

Exit interview. Payroll records for money or pay-related information such as: Timesheets. Payroll deduction forms. You must keep a completed Form I-9 on file for each employee on your payroll. With help from legal, IT, and other departments, they create a written-out document retention policy. Criminal history.

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

BMT Office Administration

For instance, if your employment records contain all the disciplinary actions and policy violations committed by the offending employee, you’ll have a better chance of defending your decision to terminate an employee in court. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more.

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How Your Non-Profit Can Benefit From a Virtual Executive Assistant

Worxbee

The EA will then schedule interviews with the Director or CEO. In terms of onboarding, it’s often the EA that makes sure the new person has all the needed paperwork to turn in and information on policies and procedures. Occasionally, EAs are tasked with scheduling performance reviews or even jobs related to payroll.

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