article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Nothing exists in a bubble, and business finance is no different. Why is that?

Finance 105
article thumbnail

5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

With a traditional job, all you need to file your taxes is your W-2 tax form at the end of the year, showing what you made and how much you had withheld for federal and state taxes. With freelancing, you’ll likely have multiple clients, each sending you a 1099-NEC form (previously a 1099-MISC) showing what they paid you.

Filing 279
Insiders

Sign Up for our Newsletter

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

article thumbnail

Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

It’s possible to have missed opportunities in areas where you might have been able to restructure your personal finances. ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations. This lifestyle choice can also have tax advantages.

Legal 264
article thumbnail

Why Your Boss Isn’t Coming To The Office

Allwork

This trend is more common in white-collar industries such as finance and professional services, especially in larger companies. After all, work forms a significant part of our daily routines and any change can have far-reaching implications on our work-life balance, productivity, and overall well-being.

article thumbnail

5 SOP examples for your business

BMT Office Administration

New hire refers to any new employees beginning employment at the company. Provide each new hire with all necessary onboarding documents including i9 forms, tax forms, and the employee handbook acknowledgment form. Direct Deposit Form. Employee Handbook and Acknowledgement Form. Terms and definitions.

Payroll 72
article thumbnail

Your one-stop guide for business resilience planning

BMT Office Administration

After all, disruptive events can happen at any time — and they don’t always take the form of a global pandemic. Formally defined, business resilience refers to the ability of an organization to respond, adapt to, and correct disruptions or disasters that affect its: Operations. What is business resilience, and why does it matter?

Forms 115
article thumbnail

Introduction to Procedures: Usage, Terminology, and Tips for Getting Started

All Things Admin

Example: An employee handbook that includes a procedure for submitting expense reports, outlining the steps to fill out the form, attach receipts, and submit it to the finance department. Form – A structured document with fields for collecting specific information.