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Around a quarter of jobs will shift over the next five years, WEF report claims

Workplace Insight

Its Future of Jobs Report for 2023 suggests that employers anticipate 69 million new jobs to be created and 83 million eliminated among the 673 million jobs corresponding to the dataset, a net decrease of 14 million jobs, or 2 percent of current employment.

2023 98
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In particular, traditional business financing options like bank loans have been declining since 2020 — where they fell 6% from 2019 (43% to 37%, respectively). In fact, ROBS is currently the most popular form of business financing in 2023. They also work for individuals that don’t qualify for other forms of financing.

Finance 105
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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. Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. A 1099 is a form used to report non- employee compensation. What is a W-2?

Payroll 52
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How to handle remote employee time tracking

BMT Office Administration

Prior to 2020, only 6% of all employees worked remotely. Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. It has to do with the increased volume of emails due to the rise in remote working after 2020. However, that percentage jumps up to about 50% for remote workers.

Payroll 52