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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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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 From the implementation of SECURE 2.0

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

Page Personnel

Those in an office manager role need to know how to manage processes, procedures, documentation, project management and communications. For example, answering phones, taking messages, purchasing office equipment, working with relevant software and filing paperwork.

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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.). With intuitive time-tracking software, you can automate many of these processes to save a ton of time. Frees up office space. GPS tracking.

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. To manage this process, you’ll need a record retention plan. 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.

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. To manage this process, you’ll need a record retention plan. Personnel and payroll records. Invest in equipment and software. DELAY IT. DELEGATE IT. How this policy reads will vary depending on local laws.

PDF 100