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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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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

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Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

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Is Technology Meeting The Needs Of Today’s Workers?

Allwork

Now more than ever, it is essential that companies meet the needs of employees, especially as more and more people return to the office. One of the biggest questions companies should be asking themselves: “Is our technology meeting the needs of today’s workers?” Technology is an essential component of the workplace.

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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. What pay is taxable?

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The What, Who and How of Outsourcing… So You Can Let Go

Success

When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I For example, anytime Apple changed its operating system or upgraded Siri, her company needed to adapt. “We Tax laws change.

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Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

A good example of a disregarded entity is the limited liability companies. A limited liability company is protected from liabilities that is in case a business owner has debts the creditor does not have the right to the assets of the LLC. Have A Retirement Plan. Contribute To A Charity Organization. Have An Accountable Plan.