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Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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W-2 E-filing guide: Brush up before you file

BMT Office Administration

Most employers are probably familiar with the e-filing process. However, mistakes can be expensive and draw unwanted attention from the IRS. With that in mind, even if you’ve e-filed your W-2s before, it’s still a good idea to review the process and ensure you’re following the right steps.

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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. What is a W-2?

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6 Creative Ways to Solve a Problem

Success

With reverse brainstorming, everyone offers how to decrease sales, increase employee turnover, raise expenses—bring us your worst. Filing taxes, meeting payroll, and ordering inventory are valid reasons to miss a little sleep if they all hit at once. You’re looking for ways to make the problem worse.

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12 Last-Minute Gift Ideas For Digital Nomads

Allwork

It also includes powerful analytics about performance, and tips on how to optimize reach and other rankings. . Another digital tool that almost every digital nomad needs is an accounting software package so they can track their income and expenses. . Accounting software subscription .

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Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

It’s your responsibility as an entreprenuer to know how to pay your tax bills. Also, a business owner with a limited liability company gets to avoid double taxation as well as enjoy easy tax filing. For example, you decide to make payments for most of your January expenses in December. Have A Retirement Plan.

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Make Procedures Development a Habit, Not a Project

All Things Admin

In the book How to Keep House While Drowning , KC Davis has a chapter on rhythms, not routines. Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. Using, reviewing and updating them needs to be an ongoing process.

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