BMT Office Administration

JUNE 26, 2023

So whenever you hear someone talk about their fiscal year, they’re referring to the 12-month period they use for accounting and taxes. A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts.

Finance 105

Finance Expenses Retirement Calendars 105

BMT Office Administration

NOVEMBER 16, 2022

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. Does the business provide all necessary tools or equipment or does the worker provide their own tools? What is a 1099? Booth copies must be sent out by January 31.

Payroll 52

Payroll Forms Filing Expenses 52

BMT Office Administration

MAY 9, 2024

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. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52

Payroll 2024 Filing 2023 52