Thoughtful onboarding is more important than ever
- ByPolk & Associates
- Aug, 07, 2020
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In today’s anxious environment of COVID-19-related safety concerns and compliance challenges, a thoughtful onboarding program is more important than ever. Onboarding refers to “[a formal] process of helping new hires adjust to social and performance aspects of their new jobs quickly and smoothly,” according to the Society for Human Resource Management. It’s a crucial opportunity for you to explain how your company is coping with the COVID-19 crisis, as well as to introduce new workers to their jobs. Onboarding programs generally involve three parts: 1) preparing the employee for work, 2) optimizing his or her first day, and 3) following up regularly. Contact us for more info.
File cash transaction reports for your business — on paper or electronically
- ByPolk & Associates
- Aug, 07, 2020
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Does your business receive large amounts of cash or cash equivalents such as bank checks? You may be required to submit forms to the IRS to report these transactions. Each person engaged in a trade or business who receives more than $10,000 in cash in one transaction, or in two or more related transactions, must file Form 8300. Any transactions conducted in a 24-hour period are considered related transactions. Businesses required to file Form 8300 should know that in addition to filing on paper, e-filing is an option. The form is due 15 days after a transaction. Businesses that file electronically get an automatic acknowledgment of receipt when they file. Contact us with questions.