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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

That trend continued in 2021, with only 34% of small businesses applying for bank loans. 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? If the repayment period is less than 12 months, it’s considered a short-term liability.

Finance 105