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

BMT Office Administration

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. Wages of up to $147,0000 are subject to social security taxes for tax year 2022.

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. 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. What is a ROB? What’s that?

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. not signing up for your 401(k) plan).

Payroll 52
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Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. Reading the details of what would be offered in exchange for taking the early retirement deal didn’t really strike me as a wonderful option for those 84 people., But, he said, the city could use the payroll savings.

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The US Talent Pool: Welcome Back to a Seller’s Market

Energage

Fewer layoffs, more quitters, and lower participation add up to a tough talent market for employers. At WorkplaceDynamics, we are all about equipping leaders to unleash potential, inspire performance, and deliver business results through the passion of their team members. This does not include retirements or long-term sick leave.

2016 58
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Standard Operating Procedures: Tips for Creating Business Systems | Office Organization & Office Efficiency | OfficeArrow

www.officearrow.com

| Cart Sign Up | Forgot Password | Contact Us Get more from OfficeArrow! Learn about all the benefits of becoming a member or Sign up Now! Three Steps to Business System Creation To ensure that anyone can pick up your documented business system and figure out what to do, here are three steps to get you going.