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

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2?

Payroll 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9. Per the U.S. Department of Labor.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Electronic information management eliminates guesswork by providing systematic storage, maintenance, and disposition of records. An ERM system enables people to find the right information when they need it.

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Blockchain In Recruiting: Will That Impact A Recruiter's Job?

Recruit CRM

Decoding Blockchain Technology For Dummies Blockchain is an immutable and shared ledger (encrypted & anonymous) that records transactions and tracks various forms of tangible (houses, real estate, cars) or intangible assets (copyrights, intellectual property, patents, brandings) in a business network.

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Establishing a Digital Presence

Recruit CRM

By digital presence, I mean that your organization and information about jobs that you are working on must be discoverable online. Update your site with new information as you progress in your business. small form could pop up which is filled by the visitor). This is just a precursor. This a bare minimum.

Temping 52
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How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. This traditional form of time tracking has long been used as a way to manage employee productivity & performance, but the advent of remote work has thrown a wrench into the works. Special instructions. Messages from colleagues.

Payroll 52
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Registering your business – Start Up Guides – Part 5 | THE SMALL.

The Small Business Blog

Other Great Business Blogs Social Media for Business WinWeb Pitch of the Week – Martin Everard Benefits Of Building A Home Business Is There More Financial Hardship To Come? If you are operating through a limited company the form you use is CT41G. To register you need to complete form VAT1. You want the whole tree."

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