article thumbnail

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). The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. Why is that?

Finance 105
article thumbnail

How to handle remote employee time tracking

BMT Office Administration

Prior to 2020, only 6% of all employees worked remotely. Another reason to implement employee monitoring tools is to ensure that your employees aren’t using company equipment for personal use (think company phones, tablets, laptops, printers, etc.). Toggl Track also features the following: Calendar integrations. Why is that?

Payroll 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

BMT Office Administration

Does the business provide all necessary tools or equipment or does the worker provide their own tools? Employers must send Copy A of Form W-2 to the Social Security Administration (SSA) to report the wages paid and taxes collected for their employees during the previous calendar year. Form W-2 filing requirements. Prizes and awards.

Payroll 52
article thumbnail

The Enneagram at Work: Which Number Are You?

Success

That’s why many business leaders are turning to the Enneagram, a personality tool with ancient roots, to learn more about their employees and how to best equip them for success. No matter your strategy or forecast for income or goals for the next calendar year, culture is going to trump all of that. Photo by @a_gubinskaya/Twenty20.