Internal Revenue Service

The following records must be kept for four years after the tax due date or the actual date paid.

• Name, address, occupation, and social security number of each employee

• Total compensation and date paid includi

  Answer To Relieving Pain In Business
  The previous Sangaraja, the Supreme Patriarch of the monastic order (of Thailand), once went on a tour of China, where someone offered him a very beautiful teacup. It was unlike anything he'd ever seen. He thought, "Oh! The people here have real faith in me, to offer me this beautiful teacup!" And as soon as the teacup was in his hand, immediately he was suffering. Where should I put it? Where is safe to keep it? He couldn't stop worrying it would break.Before he had that teacup, he was fine. Once he had it, he wanted to show it off to the people back home in Thailand. He put it in his bag and kept telling everyone to watch out that the teacup didn't get broken. "Hey! Careful, please!" Everywhere he was watching out for it. He had nothing bu
  Every business must retain certain records on their current and past employees, but which ones and for how long?

  On the federal level, there are two agencies that regulate record keeping. First is the IRS, which is responsible for enforcing the Internal Revenue Code. The second is the U.S. Department of Labor (DOL). The Wage and Hour Division of the DOL is responsible for enforcement of the Federal Fair Labor Standards Act (FLSA), the Family and Medical leave Act (FMLA), the Immigration Reform and Control Act (IRCA), and the laws governing wages paid by federal government contractors.

  Both of these agencies have separate rules regarding the type of records that must be kept and the length of time you must keep the records. To further complicate your requirements there are numerous state, local and other regulatory agencies that may require additional record keeping. State agencies enforce State Unemployment Insurance Tax Acts, state wage and hour laws, child support and creditor garnishment laws and unclaimed or abandoned wage requirements.

  Keeping these records accurate and up-to- date is extremely important to the health of your business. Without the proper records you will be unable to meet regulatory requirements should you be audited by any of various federal state and local agencies. Failing to meet these requirements can mean large penalties and the potential for large settlement awards should you be unable to provide the required information when requested.

  Internal Revenue Service

  The following records must be kept for four years after the tax due date or the actual date paid.

  • Name, address, occupation, and social security number of each employee

  • Total compensation and date paid includin

    The Benefits of Paper Shredders
    Paper shredders are used in a number of situations. Doctors, dentists, and psychologists use them to protect their clients’ private medical information. Private citizens use them to destroy papers that contain important financial information. Businesses use them to protect themselves from corporate espionage and information theft. Paper shredders cost between $15 and $130, depending on their features.There are a large number of paper shredders on the market. The two main types are strip cut and cross cut. Strip cut paper shredders slice the paper into thin vertical ribbons. They are good in many situations, but they are not recommended for people requiring maximum security. Cross cut paper shredders cut documents into tiny bits of pa
    DOL is responsible for enforcement of the Federal Fair Labor Standards Act (FLSA), the Family and Medical leave Act (FMLA), the Immigration Reform and Control Act (IRCA), and the laws governing wages paid by federal government contractors.

    Both of these agencies have separate rules regarding the type of records that must be kept and the length of time you must keep the records. To further complicate your requirements there are numerous state, local and other regulatory agencies that may require additional record keeping. State agencies enforce State Unemployment Insurance Tax Acts, state wage and hour laws, child support and creditor garnishment laws and unclaimed or abandoned wage requirements.

    Keeping these records accurate and up-to- date is extremely important to the health of your business. Without the proper records you will be unable to meet regulatory requirements should you be audited by any of various federal state and local agencies. Failing to meet these requirements can mean large penalties and the potential for large settlement awards should you be unable to provide the required information when requested.

    Internal Revenue Service

    The following records must be kept for four years after the tax due date or the actual date paid.

    • Name, address, occupation, and social security number of each employee

    • Total compensation and date paid includi

      Use The Right Benefit Statements on Your Website (and in All Your Marketing)
      The experts say you need benefit statements in all your marketing – on your website, on your brochures and flyers, in your 30-second introduction and in all types of advertising. This is true.There could be so many benefit statements for your business, how do you choose?Marketing is the process of communicating to people about your product or service so they can make a purchase if they perceive they want or need it. If they are not aware of it, don't know how to purchase it or don't perceive it fulfills a want or need, there can be no sale.The key word in that paragraph is ‘perceive'. Your marketing, and therefore your benefit statements, should focus on the perception in the marketplace, not necessarily the actual benefit.<
      ime you must keep the records. To further complicate your requirements there are numerous state, local and other regulatory agencies that may require additional record keeping. State agencies enforce State Unemployment Insurance Tax Acts, state wage and hour laws, child support and creditor garnishment laws and unclaimed or abandoned wage requirements.

      Keeping these records accurate and up-to- date is extremely important to the health of your business. Without the proper records you will be unable to meet regulatory requirements should you be audited by any of various federal state and local agencies. Failing to meet these requirements can mean large penalties and the potential for large settlement awards should you be unable to provide the required information when requested.

      Internal Revenue Service

      The following records must be kept for four years after the tax due date or the actual date paid.

      • Name, address, occupation, and social security number of each employee

      • Total compensation and date paid includi

        Do You Need Fundraising Ideas?
        Well, you need to know that it is MORE than just ideas.On the surface, finding fundraising ideas is easy. Get together a group of co-workers or co-volunteers into a brainstorming session, and you will likely get a list of ideas ranging from jumble sales to door-to-door selling to a direct mail campaign. Type in "fundraising ideas" into any Internet search engine and you are likely to get thousands of search results, ranging from bake sale ideas to companies offering fundraising opportunitiesThere are a few things that separate a good fundraising idea from a bad one. You should take note of the following when considering each idea:* Cost of getting going should be what you can afford to spend - Make sure that your total cost d
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        Keeping these records accurate and up-to- date is extremely important to the health of your business. Without the proper records you will be unable to meet regulatory requirements should you be audited by any of various federal state and local agencies. Failing to meet these requirements can mean large penalties and the potential for large settlement awards should you be unable to provide the required information when requested.

        Internal Revenue Service

        The following records must be kept for four years after the tax due date or the actual date paid.

        • Name, address, occupation, and social security number of each employee

        • Total compensation and date paid includi

          Banking on Good Banks: Guidelines to Help You Choose the Right Bank for You
          More often than not, we make decisions impulsively, without dwelling on too much thought about what we want and without considering other options, guidelines and criteria to base our decisions with. We can always get away with this on small decisions such as deciding on the flavor of Starbucks coffee we want; whether this is decaf or not; medium or large; with cream or without and many other trivial options.This is okay but this is not applicable when we are considering things that concern the financial aspect of our lives - financing, refinancing, mortgages, insurance, investments and yes, even choosing the bank where we could save and store our money. Here are some guidelines you have to consider when you want to invest portions of your mo
          awards should you be unable to provide the required information when requested.

          Internal Revenue Service

          The following records must be kept for four years after the tax due date or the actual date paid.

          • Name, address, occupation, and social security number of each employee

          • Total compensation and date paid including tips and non-cash payments

          • Compensation subject to withholding for federal income, social security and Medicare tax

          • Pay period for each compensation period

          • Explanation of difference in total compensation and taxable compensation

          • Employees' W-4 Form

          • Dates of employment (beginning and ending)

          • Employee tip reports

          • Wage continuation made to an absent employee by employer or third party

          • Details of fringe benefits provided to employee

          • Copy of employee's request to use the cumulative method of wage withholding

          • Adjustments or settlement of taxes

          • Amounts and dates of tax deposits

          • Total compensation paid to employee during calendar year

          • Compensation subject to FUTA

          • State unemployment contributions made

          • All information shown on 940

          • Copies of returns filed (941, 643, W-3, Copy A of Form W-2 and returned W-2 forms)

          Department of Labor

          The following records must be kept for three years after date of last entry.

          • Employee's name as it appears on social security card
          • Complete home address and date of birth if under age 19

          • Sex and occupation

          • The beginning of the employee's work week Regular rate of pay for overti