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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. Primarily, if your business venture fails, you’ll lose your entire retirement fund/401k. Why is that?

Finance 105
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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. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a W-2? Form 1099 NEC filing requirements.

Payroll 52