BMT Office Administration

MARCH 3, 2023

Snag: There are at least 24 different definitions of a small business in the tax code (we counted!), IRC § 41 refundable research credit IRC § 41 allows you to claim a tax credit for qualified research expenses above a base amount. so check with your tax pro if you’re not sure whether your business qualifies.

Payroll 98

Payroll 2023 Equipment Health 98

BMT Office Administration

MAY 9, 2022

Terms and definitions. Conduct the HR orientation to orient the new employee with the timekeeping and payroll software , necessary paperwork, and internal resources. Terms and definitions. Terms and definitions. Terms and definitions. Follow the expense policy to document any charges put on a company card.

Payroll 72

Payroll Forms Expenses International 72

BMT Office Administration

JUNE 26, 2023

The beginner’s business finance glossary “Our P&L report shows that our revenue is now greatly exceeding our expenses, and we’re showing a considerable profit.” “In For instance, the fiscal year is often the period used to measure revenue, profit, expenses, debts, and more. The good news?

Finance 105

Finance Expenses Retirement Calendars 105

BMT Office Administration

JULY 3, 2023

If so, then you’ll definitely want to have the proper documents on-hand to defend your managers. Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. The FLSA has a few other regulations related to payroll documents besides retaining them for three years.

Filing 52

Filing Payroll Medical Legal 52

BMT Office Administration

DECEMBER 8, 2023

This is the classic definition of a tax-free de minimis fringe benefit. We suspect whoever came up with this $75 cut-off misinterpreted the IRS’ de minimis rule for reimbursing employees’ business expenses.

Gifts 52

Gifts Holidays Expenses Management 52

BMT Office Administration

AUGUST 8, 2022

As a starting point, consider what these organizations say about some major types of records to keep and for what length of time: Per the Internal Revenue Service : The length of time you should keep a document depends on the action, expense, or event which the document records.

Policies 105

Policies Legal Forms Agencies 105

Stephanie LH Calahan

NOVEMBER 28, 2012

  Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.  These definitions correlate to your time spent, not the IRS definitions.) If you are active in your business, this will be the lion’s share.

Lifestyle 100

Lifestyle 2005 Payroll Goals 100