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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. These incentives are fully taxable and are subject to W-2 reporting.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

A 1099 is a form used to report non- employee compensation. 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. What is a 1099?

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

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 Your total revenue will appear on your business’s profit & loss report (more on this in a bit).

Finance 105
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Small Business World News Round-up - 2009/11/10

The Small Business Blog

Getting by with skeleton staff : Small business owners are still whittling away at their payroll, but the deluge of pink slips on Main Street is slowing down. Small Business Crunches Numbers : Small business has fought the health-care bill as too costly. Organizations are working to help them size up. Digg Furl Netscape Yahoo!

2009 100