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

BMT Office Administration

A 1099 is a form used to report non- employee compensation. Does the business provide all necessary tools or equipment or does the worker provide their own tools? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a 1099?

Payroll 52
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How to Maintain Your Company Culture Past the Startup Stage

Success

Some people are having trouble letting go, and the new folks are confused about whom they report to. One answer is that as the company payroll increases, they cannot have a personal relationship with every employee and they lose sight of what’s happening below them. An org chart is in the works, but it’s a bit messy.

Payroll 298
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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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What does it take to be a successful office manager?

Page Personnel

For example, answering phones, taking messages, purchasing office equipment, working with relevant software and filing paperwork. Office managers may also draft documents, help with payroll, keep an organised office environment and communicate via phone, email and fax (yes, some companies are still using fax machines).

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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).

Finance 105
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How to handle remote employee time tracking

BMT Office Administration

Another reason to implement employee monitoring tools is to ensure that your employees aren’t using company equipment for personal use (think company phones, tablets, laptops, printers, etc.). Besides software, organizations can also use spreadsheets, task lists, and self-reporting from employees.

Payroll 52
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Small Business World News Round-up - 2009/11/10

The Small Business Blog

Getting by with skeleton staff : Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down.

2009 100