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Best Virtual Assistant Services - Elevating Your Business with a Remote EA

ProAssisting Blog

A remote executive assistant adept in bookkeeping handles invoicing, expense tracking, payroll, and other financial tasks, maintaining the business's financial health. Financial Expertise for Optimal Bookkeeping Accurate financial management is critical.

Payroll 650
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Bootstrapping Doesn’t Mean Doing It All Alone

Tips From T. Marie

Rather than hiring employees with the expenses of payroll, taxes and equipment, you can create a virtual team that can take care of individual projects and tasks without those expenses. Not having to provide office space, equipment, payroll, health insurance or payroll taxes is a huge benefit.

Payroll 224
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4 important payroll issues to keep an eye on in 2023

BMT Office Administration

Nevertheless, 2023 is looking like another challenging year for Payroll as we get a few insights into what to expect. You don’t have to perform the equivalent of hunting around the sofa cushions for spare change if you furnish per diem allowances—flat daily allowances covering hotel, meal, and incidental expenses—to employees who travel.

Payroll 52
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From the Archives: The Ultimate Cost of Penny-Pinching

Success

No one can afford to transact important business when they are not in prime condition, and it pays one in health and in comfort, as well as financially, to be very good to oneself , especially when health and a clear brain are our best capital. The Expensive Is Often the Cheapest. When Saving Money Means Losing Health.

Clothes 229
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Small business tax credits and deductions you should know about

BMT Office Administration

IRC § 41 refundable research credit IRC § 41 allows you to claim a tax credit for qualified research expenses above a base amount. For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. Deductions exceeding your income may be carried forward for up to 20 years.

Payroll 98
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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. Medical and health care payments. Prizes and awards.

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 For instance, the fiscal year is often the period used to measure revenue, profit, expenses, debts, and more. The good news?

Finance 105