Remove training federal-income-tax
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What is Payroll – A Comprehensive Guide, Definition, Processes & Solutions

Qandle

Payroll refers to the process by which employers calculate and distribute compensation to their employees for the work they have completed. It involves various tasks, including calculating wages, withholding taxes and other deductions, and ensuring that employees receive their net pay. Check out the Best 10 HR Software.

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What Is Imputed Income? | Payroll Definition and Examples

Patriot Software

As an employer, you are likely familiar with reporting regular wages and taxes withheld on Form W-2. But, are you aware that you must report other amounts or payment types, such as imputed income? Learn what is imputed income, types, and how to report imputed income. What is imputed income? Types of imputed income.

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

Business Management Daily

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. They help maintain a safe workplace Does your organization require mandatory OSHA training? What should you include in an employee file?

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

Business Management Daily

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. Keep copies of your filed tax returns permanently. Citizenship and Immigration Services.

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How long do employers keep employee records?

Business Management Daily

Otherwise, your organization could wind up in hot water if you’re subjected to an audit, which is something you definitely don’t want to deal with. These include performance evaluations , signed copies of your employee handbook , employee identification numbers, emergency contact information, awards, training records, and termination letters.

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Robust HR Software Solution – Qandle

Qandle

If you’re on the market for HR management software, you may find our definition helpful before perusing our list of the 12 top HR software. Induction correspondence: RobustHR allows you to send welcome emails to new employees that include links to key system files and company documentation, as well as important training materials.