Company Information Medical Payroll 
BMT Office Administration
JANUARY 11, 2023
Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. 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. But business travel is still vital to many companies.
BMT Office Administration
NOVEMBER 21, 2022
While some variance may occur between companies, certain papers commonly belong in these files and some definitely do not. Think of an employee’s personnel file as a history of the individual’s employment relationship with the company. Agreements related to the use of a company car or business credit card. Dependent information.
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BMT Office Administration
JULY 3, 2023
Besides complying with federal and state laws, keeping employee records helps you stay organized, aids decision-making, and protects your company if a terminated employee files a lawsuit. These types of violations can cost your organization $75,000+ , so keeping confidential information separate is a must.
BMT Office Administration
DECEMBER 19, 2022
Yet, even the most seasoned HR employees occasionally need clarification about specific recordkeeping requirements, such as how long they should hold on to personnel records after an employee leaves the company. These documents contain employee contact information, social security number, emergency contacts, address, and birthday.
BMT Office Administration
NOVEMBER 16, 2022
Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. Does the company control or have the right to control what the worker does and how the worker does his or her job? Employers also need to report and deposit payroll taxes to the internal revenue service (IRS) every quarter.
BMT Office Administration
MAY 31, 2022
She also explained that the only items she actually tossed were some electronic mail printouts from last year that were originally sent to the account of a person no longer with the company. Such a management system utilizes information technology to organize and store records in electronic form. The need for company policies.
BMT Office Administration
AUGUST 8, 2022
Worried that your company might not have a particular document on hand if the IRS conducted an audit? Creating an effective documentation retention policy involves reviewing company and human resources requirements, state law, federal law, industry and governmental regulatory requirements, and insurance policies. Per the U.S.
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