Remove Equipment Remove Management Remove Payroll Remove Retirement
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

While this may seem complicated at first glance, it becomes easier to grasp when you understand a few key concepts about financial management. A business can choose to liquidate (selling something to convert it into cash) physical business assets, such as real estate, equipment, computers, and vehicles — in order to pay off debts.

Finance 105
article thumbnail

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

Payroll 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

BMT Office Administration

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. Independent contractors should have a high degree of control over their own activities.

Payroll 52
article thumbnail

Standard Operating Procedures: Tips for Creating Business Systems | Office Organization & Office Efficiency | OfficeArrow

www.officearrow.com

78% off Project Management Essentials Premium Tool Kit. The whole idea behind creating a business system is to ensure that you have documentation of your actions with procedures that can be followed by anyone who has a mind to do so. If you enjoyed this, please with your friends! Get Organized! Members who read this also.