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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 For instance, the fiscal year is often the period used to measure revenue, profit, expenses, debts, and more. The good news?

Finance 105
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor. Medical and health care payments. Prizes and awards.

Payroll 52
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Income taxes explained in 7 simple concepts

BMT Office Administration

Examples: employer contributions for health insurance and to retirement benefits. Examples : the credit for child and dependent care expenses. It includes wages, salaries and tips; interest and dividends; capital gains; and pensions and annuities. Gross income doesn’t include income excluded from tax.

Filing 52