BMT Office Administration

JUNE 26, 2023

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. Equity (net worth) What does it mean when someone refers to their business’s equity?

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BMT Office Administration

NOVEMBER 16, 2022

Usually, when you hear about 1099s during tax season, people are referring to IRS form 1099-NEC, the tax form that is sent to independent contractors in place of a W-2 form. Does the business provide all necessary tools or equipment or does the worker provide their own tools? What is a 1099? Booth copies must be sent out by January 31.

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BMT Office Administration

MAY 9, 2024

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

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BMT Office Administration

JANUARY 31, 2023

Employee time tracking refers to keeping track of an employee’s work hours and productivity. 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.). What is remote employee time tracking? Time audits.

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