article thumbnail

Arrr-guably Similar: How Coworking Channels The Rebel Spirit Of Pirates

Allwork

In both cases, this shared experience of being different brought people together to form communities unlike any other. Pirates spent long periods together, whilst travelling at sea, and formed close-knit communities. Piracy wasn’t a long-term occupation either, lasting an average of two years before pirates were caught or retired.

Lifestyle 246
article thumbnail

Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

It provides provisions aimed at improving employee retirement outcomes and makes starting 401(k) plans more attractive and beneficial for employers – even those with 50 or fewer employees. encourages employers to provide retirement plans by offering tax incentives and credits. How does it do that?

Payroll 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. However, to avoid confusion, most companies ensure that their fiscal year aligns with the current calendar year. What’s that?

Finance 105
article thumbnail

Non-Mortgage Debt and Working in Retirement

Small Business Labs

Manufacturing » July 01, 2010 Non-Mortgage Debt and Working in Retirement The US News article The Number One Obstacle to Retirement points out that non-mortgage debt is a significant problem for many Americans.    According to the article, debt payments are interfering with retirement savings for 63% of Americans.

article thumbnail

Sorting out taxes and reporting for a deceased employee

BMT Office Administration

You also need to dig out the employee’s 401(k) beneficiary form—401(k) assets move independently from the employee’s will, so you need to know who the beneficiaries are. health, dental, vision, retirement) and involuntary deductions, like garnishments. For the year the employee died, you file W-2 and 1099-MISC forms.

Payroll 52
article thumbnail

1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

Collect the required forms. Many employers have their own onboarding forms that must be completed, but there are also a handful of government forms that employers must collect from new hires. The main two are the I-9 form and IRS Form W-4. An I-9 form is a very important piece of compliance documentation.

Payroll 52