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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In Your total revenue will appear on your business’s profit & loss report (more on this in a bit). All your current liabilities. Your total equity.

Finance 105
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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. These incentives are fully taxable and are subject to W-2 reporting.

Payroll 52
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Crypto’s creep into the workplace is creating concerns

BMT Office Administration

Neither you nor employees can evade withholding and reporting by paying in crypto. dollars) and reporting rules apply. The extreme volatility can have a devastating impact on employees, especially those approaching retirement and those with substantial allocations in cryptocurrency. In fact, the process is much more arduous.

Legal 52