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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. For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. For 2023, you can deduct up to $1.16

Payroll 98
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Does the business provide all necessary tools or equipment or does the worker provide their own tools? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Independent contractors should have a high degree of control over their own activities.

Payroll 52
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What does it take to be a successful office manager?

Page Personnel

For example, answering phones, taking messages, purchasing office equipment, working with relevant software and filing paperwork. Office managers may also draft documents, help with payroll, keep an organised office environment and communicate via phone, email and fax (yes, some companies are still using fax machines).

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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.). Its core features include: Automated invoicing & payroll. Toggl Track also features the following: Calendar integrations.

Payroll 52
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Eight Ways to Keep Your Office Clutter-Free

Ian's Messy Desk

If necessary, write a date and time on your calendar when you’ll be retrieving this paper for further action. Personnel and payroll records. Invest in equipment and software. This means that further action needs to be taken on this paper, but not right now. File it in a Reminder file or in your file cabinet. DELEGATE IT.

PDF 100
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Eight Ways to Eliminate Paper and Clutter in Your Office

Ian's Messy Desk

If necessary, write a date and time on your calendar when you’ll retrieve this paper for further action. Personnel and payroll records. Invest in equipment and software. Once you’ve completed these items, the paper should be filed, re-routed to someone else or discarded. DELAY IT. DELEGATE IT. Monthly financial statements.

PDF 100