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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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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.

Policies 105
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Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Records relating to promotion, demotion, transfer, or layoff. 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). Payroll deduction forms. PIPs (Performance Improvement Plans).

Filing 121
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The Four Horsemen of the Mandated Return to Office

Allwork

European banks, which offer more flexible hybrid work policies, are using these to hire talented staff from the less flexible US banks. Before launching an office return, we consider compensation policies. . Another centered on helping staff address burnout, such as by providing mental health benefits. Boosting culture .

2022 342
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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.

Filing 52
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Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

They understand that cash is king and should not be wasted on old style advertising and marketing – there are better and almost cost-free ways to promote your small business. he sold policies out of the trunk of his car for many years. Bootstrappers don’t waste their money – they make money. Thanks for the comment.

2007 100