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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. Does the business provide all necessary tools or equipment or does the worker provide their own tools? What is a W-2? Employers also have to send a copy of the W-2 to the employee.

Payroll 52
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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). 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. Why is that?

Finance 105
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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.). Its core features include: Automated invoicing & payroll. Why is that?

Payroll 52