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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

Once I got the hang of loading the tax-prep software onto my almost-brand-new Windows 10 laptop and ran through sometimes deliberately vague set-up questions, I discovered several blatant errors. Probably, but I’m not owning up to it yet. It’s payroll -friendly, too! I stuck to the top—Do I Need to File a Tax Return?

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. If you are paying someone through your normal employee payroll process with income tax withholdings, you typically need to send them a W-2. Booth copies must be sent out by January 31. Control number.

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. The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. It’s where an individual uses their personal funds, usually from their retirement fund or 401k, to finance their business tax-free.

Finance 105