article thumbnail

Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

It’s essential for an organization/business to have a more-than adequate payroll system. Learn more here. Having a good payroll service can make or break a company. These applications automate the payroll process to reduce administrative burden and ensure that workers are paid correctly and on time.

Payroll 246
article thumbnail

Underwriting employees’ educational expenses tax-free

BMT Office Administration

You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. Sounds like tax-free education is expensive, doesn’t it? Time for some tax ed.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

3 Smart Money Moves to Make Before Starting a Business

Success

Although it’s tempting to get scrappy and assume you’ll learn and create a financial plan for your new business on the fly, it’s better to think ahead so you can avoid costly mistakes that you can’t afford. Your emergency fund should contain at least three to six months of non-discretionary expenses.

Finance 345
article thumbnail

12 Last-Minute Gift Ideas For Digital Nomads

Allwork

Digital subscriptions for learning, social media management, taxes and more are perfect choices for last-minute gifts. . Learn more in our website policy here.   . Digital learning subscription . For anyone who loves reading or learning new things, this is a perfect gift.

Gifts 284
article thumbnail

What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

After all, commercial real estate is, on average, the second-highest expense for most businesses, only surpassed by payroll. Learn more about analyzing your office occupancy. From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years.

Policies 291
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

That’s why I’ve put together this beginner’s guide to business finance, so read on to learn the fundamentals of financing a business. 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 The good news?

Finance 105
article thumbnail

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

BMT Office Administration

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. It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. What is a W-2? Employers also have to send a copy of the W-2 to the employee.

Payroll 52