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

BMT Office Administration

It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Some expenses may be included on independent contractor invoices, but the basic tools or programs required to complete the work are often provided by the contractor. Booth copies must be sent out by January 31.

Payroll 52
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It’s time to review (or create) your document retention policy

BMT Office Administration

When constructing your policy, examine legal and regulatory guidelines. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. When this happens, the Uniform Preservation of Private Business Records Act serves as a guideline.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Internally, anyone from a manager looking for details of past dealings with a specific client to lawyers building a defense for an improper termination lawsuit benefits from the ability to quickly and easily find what they need. Payroll information. Their retention and deletion follow guidelines adhered to by everyone at the company.

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Cloud Questions That Your CEO Will Ask

Small Business CEO

These should be the ones that aren’t a technological burden such as email, payroll applications and types of customer relation management (CRM). There is also the cost of increased internal productivity that can be achieved when your company’s computer network is operating more efficiently. How are we saving money?

Payroll 40