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

Business Management Daily

Generally, you must keep your records that support an item of income, deduction or credit shown on your tax return until the period of limitations for that tax return runs out. Equal Employment Opportunity Commission. Per the U.S. Some types of business records, such as tax forms and legal documents, are relatively easy to spot.

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What’s In and What’s Out: Review of Expiring Legislative Relief and Looking Ahead to 2022

Benefit Resource Inc.

Contribution Limit: $3,650 (Up from $3,600 in 2021) HDHP minimum deductible: $1,400 (No change from 2021) HDHP maximum out of pocket: $7,050 (Up from $7,000 in 2021). Contribution Limit: $7,300 (Up from $7,200 in 2021) HDHP minimum deductible: $2,800 (No change from 2021) HDHP maximum out of pocket: $14,100 (Up from $14,000 in 2021).

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How to Effectively Manage Payroll Services?

Qandle

Payroll administration is the difficult task of keeping track of your employees’ financial data, such as pay, benefits, taxes, and deductions. Payroll software calculates pay and deductions precisely, and you only have to enter employee information once. What is the definition of full-cycle payroll processing?

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A Comprehensive Guide to UAE Wage Protection System for HR and Payroll Managers 

Bayzat

What is WPS in UAE: Origin and Definition The Wage Protection Program is an initiative by the Ministry of Human Resources and Emiratisation (MOHRE) and the Central Bank of UAE. It typically includes CTC, perks, Basic Pay, and deductions. It launched in July 2009 with Ministerial Decree No 788. The document goes through an agent.

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Why is HR Payroll Software More Important To Your Business?

Qandle

Payroll processing consists of several steps: Employee Orientation Policy Definition Creating a Compensation Plan Payroll Data Collection Salary Calculation Creating Payslips and Tax Forms Data Reports Compilation Filing Required Taxes. Income tax deductions must be handled correctly by authorities. Resource redistribution.

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Long Time Coming: SEC Adopts Final Dodd-Frank Clawback Rules

Proskauer's Employee Benefits & Executive Compensa

Twelve years after the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and many years after the Securities and Exchange Commission started considering regulations implementing the clawback provisions of Dodd-Frank, the SEC published the Final “Clawback” Rules (the “Final Rules”) on October 26, 2022.

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

Business Management Daily

For example, the Equal Employment Opportunity Commission (EEOC) requires that employers must keep personnel records for one year. If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Why is that? There are many reasons why, including that it’s required by law.