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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. Snag: There are at least 24 different definitions of a small business in the tax code (we counted!), For 2023, you can deduct up to $1.16

Payroll 98
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

The catch is that a business’s fiscal year does not have to line up with the traditional calendar year. However, to avoid confusion, most companies ensure that their fiscal year aligns with the current calendar year. Business owners and entrepreneurs use their fiscal year as a way to measure their financial performance.

Finance 105
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How to handle remote employee time tracking

BMT Office Administration

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.). If you’re going to use a monitoring tool that takes periodic screenshots of their workspace, you’ll definitely need to let your team know beforehand.

Payroll 52