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Business finance: The ultimate guide for non-finance people

BMT Office Administration

Or were you recently promoted to a financial role in your organization? 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 Revenue differs from profit in that revenue doesn’t include expenses. The good news?

Finance 105
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Employee Files: What to include, what to leave out, and what’s confidential

BMT Office Administration

Confidential documents include medical files, tax documents, employee benefits , payroll records, and more. In particular, ADA mandates that all medical files must be kept confidential, and FLSA states that you must retain all payroll records for at least three years. health insurance, dental, vision, etc.).

Filing 52
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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. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

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

BMT Office Administration

Sticking to a set record retention policy eliminates guesswork and promotes efficiency. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Smart businesses ease such concerns with proactive measures.

Policies 105
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Small Business Bootstrapping Techniques | THE SMALL BUSINESS BLOG

The Small Business Blog

They understand that cash is king and should not be wasted on old style advertising and marketing – there are better and almost cost-free ways to promote your small business. PAYweb Small Business Payroll Said on February 23rd, 2009 at 6:29 pm Great article, and very interesting comments. Thanks for the comment. – ST.

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