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

Business finance: The ultimate guide for non-finance people

BMT Office Administration

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. It’s where an individual uses their personal funds, usually from their retirement fund or 401k, to finance their business tax-free. What is a ROB?

Finance 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. Reading the details of what would be offered in exchange for taking the early retirement deal didn’t really strike me as a wonderful option for those 84 people., But, he said, the city could use the payroll savings.

article thumbnail

The US Talent Pool: Welcome Back to a Seller’s Market

Energage

At WorkplaceDynamics, we are all about equipping leaders to unleash potential, inspire performance, and deliver business results through the passion of their team members. Now let’s overlay the Bureau of Labor Statistics data on ‘Layoffs’ – the monthly rate at which organizations are dropping people from their payrolls.

2016 58
article thumbnail

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

www.officearrow.com

Buyers Guides Templates Webinars Podcasts Videos Articles Twitter LinkedIn Facebook Email RSS Business Management Business Management Strategies & Workplace Communication Michelle Burke: Communication Strategist Legal Compliance & Regulatory Guidance Office Technology Office Supply & Equipment Reviews Computer & Software Help The Software Pro Travel (..)