Remove 2023 Remove Calendars Remove Management Remove Payroll
article thumbnail

Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0

Payroll 52
article thumbnail

Small business tax credits and deductions you should know about

BMT Office Administration

And now is the time to think about them, since the tax-filing deadlines for calendar-year corporate returns are fast approaching—March 15 for S corps and April 18 for C corps. For 2023, you can deduct up to $1.16 In 2023, this amount is $2.89 Congress routinely showers small businesses with tax preferences. Your taxable income.

Payroll 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

What does it take to be a successful office manager?

Page Personnel

What does it take to be a successful office manager? simonewu 24/01/2023 Office managers are responsible for making sure everything runs smoothly in the office. Office managers are responsible for keeping businesses running smoothly. Office managers should know how to manage their time effectively on a daily basis.

article thumbnail

IRS releases e-filing waiver guidance

BMT Office Administration

Since the bulk of the returns counted to determine whether you’re a mandatory e-filer are information and payroll returns, you need to take the lead and inform other departments of their new e-filing mandate. The post IRS releases e-filing waiver guidance appeared first on Business Management Daily.

Filing 52
article thumbnail

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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Booth copies must be sent out by January 31.

Payroll 52
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. While this may seem complicated at first glance, it becomes easier to grasp when you understand a few key concepts about financial management. The catch is that a business’s fiscal year does not have to line up with the traditional calendar year.

Finance 105
article thumbnail

How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. While that’s great news for employees who enjoy the increased flexibility of working from home, it poses a significant challenge for managers. You likely spend quite a bit of time monitoring & managing your employees.

Payroll 52