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3 Smart Money Moves to Make Before Starting a Business

Success

Of course, much like with a vacation, there will always be moments that don’t go as planned with a new business. Of course, find out who the competition is , assess how many hours you’ll need to devote to your business, and define your target audience. You might then hunt around for the best deals on flights and accommodations.

Finance 345
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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.

Payroll 52
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Underwriting employees’ educational expenses tax-free

BMT Office Administration

You may underwrite all of the employees’ educational expenses tax-free, even if the education leads to a degree, if one of these conditions applies: The education is required by you or the law so employees can keep their present salary, status, or job. Sounds like tax-free education is expensive, doesn’t it? Time for some tax ed.

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What electronic record-keeping software best fits your needs?

BMT Office Administration

However, making the switch to electronic record-keeping often isn’t as expensive or cumbersome as small business owners think. More expensive than basic file storage options. These tools typically include onboarding, payroll , benefits, timekeeping, and performance management functionality. Though of course, it is more costly.

Filing 98
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Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. The second action opens up the company to potential legal and regulatory problems. Some types of business records, such as tax forms and legal documents, are relatively easy to spot. OSHA forms.