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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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

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IRS update: digital communication and payroll

BMT Office Administration

He also confirmed FIRE’s eventual retirement, in favor of IRIS. The IRS is just starting the process with the 941s. It’s more challenging with business and payroll returns, because of the power of attorney; the IRS is beginning a POA initiative, he added. While this sounds like a lot to us, Mamo said this was a small number.

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Is Technology Meeting The Needs Of Today’s Workers?

Allwork

The survey results show employees are more frustrated with workplace technology and processes than leaders realize: . Jennifer Kraszewski: Updated technology allows employees to seamlessly manage their payroll, request time off, and take care of their benefits—all aspects of the job from recruitment to retirement.

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The What, Who and How of Outsourcing… So You Can Let Go

Success

When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I If you’re wondering whether you’re ready to outsource, the following tips and examples should be helpful: Deciding what to outsource.

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

BMT Office Administration

Examples of nonemployees are contract workers, freelancers, or sole proprietors that you have done business with. For example, a graphic designer employed as an independent contractor would likely use their own computer and design software whereas employees often have work devices and any necessary software program subscriptions provided.

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

www.officearrow.com

They ensure consistency of work results by creating a step-by-step process (a road map, if you will) of your responsibilities so that you are more productive. Thats especially important for tasks that you handle less frequently - quarterly or annually, for example - or for when youve just come back from a long absence or vacation.