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It’s time to review (or create) your document retention policy

BMT Office Administration

They create a document retention policy that clarifies what needs to be saved, where, and for how long. Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Businesses and nonprofits of all sizes should possess a written-out document retention policy. Such action raises concern about cover-ups.

Policies 105
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8 Tools To Help Build An Efficient Asynchronous Workflow

Allwork

Zoom Zoom helped herald in a new era for remote and hybrid work policies around the globe. Microsoft Teams is best known for integrating with all Microsoft Office apps for real-time collaboration on files and offers third-party app integrations, task management and advanced security measures. billion in revenue last year — a 7.3%

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

BMT Office Administration

While dealing with lots of paperwork doesn’t rank as most HR professionals’ favorite task, proper recordkeeping for employee personnel files is a must for any organization. In addition, if an employee is involuntarily let go, their employee file must be kept for one year following the termination date. Why is that?

Filing 52
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Electronic files allow approved people to get what they need regardless of where they are at.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

Small businesses can outsource all of their HR operations, or just specific HR tasks that they don’t have the bandwidth to manage internally. Creating company policies: Crafting policies from scratch can be difficult, especially in a small business. This is helpful as HR needs can vary greatly for small businesses.

Payroll 52
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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

You also need to dig out the employee’s 401(k) beneficiary form—401(k) assets move independently from the employee’s will, so you need to know who the beneficiaries are. Payouts for accrued vacation and other time off follow company policy on final pay. Internal Revenue Code § 132 excludes de minimis fringe benefits from taxation.

Payroll 52
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Tax Tip for the Office Professional

The Office Professionals Place

This is the time of year that most people stress over because we are waiting for documents like W2’s, mortgage statements, 1099’s, and other information in order to file taxes. Log Files As with most other websites, we collect and use the data contained in log files. Tax season doesn’t have to be a tear jerker.

Filing 100