Remove Expenses Remove International Remove Legal Remove Tools
article thumbnail

Hiring Internationally Doesn’t Have To Make Payroll Complicated

Allwork

If you don’t follow legal requirements, you’ll face steep fines or worse. If you don’t follow legal requirements, you’ll face steep fines or worse. The rise of remote work has allowed more companies to seek quality employees from more places, but international hiring can quickly make pay day even more complicated.

Payroll 246
article thumbnail

Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

Allwork

According to the Internal Revenue Service (IRS), “a sole proprietor is someone who owns an unincorporated business by himself or herself.” ” In this form of business, the freelancer is personally responsible for all aspects of the business, including its debts and legal obligations.

Legal 264
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Name Your Business

Success

It’s far less expensive to name a company with a descriptive title and tagline,” Isen says. A few tools to brainstorm your name: Online business-naming tools such as Wordoid.com can help generate ideas. Is it legally available? Trademark Database at USPTO.gov to see if the name is legally trademarked.

Legal 264
article thumbnail

Stay organized and secure with electronic records management

BMT Office Administration

Jan bit her lip and hoped that Laura had not accidentally tossed evidence the legal department might need in a harassment lawsuit. The second action opens up the company to potential legal and regulatory problems. Some types of business records, such as tax forms and legal documents, are relatively easy to spot.

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? It can also help to look at whether the worker is reimbursed for expenses incurred while completing the work. Part-time staff, interns, and temporary employees can all be classified as W-2 workers. Control number.

Payroll 52
article thumbnail

An Admin’s Cheat Sheet to Business Terminology

All Things Admin

P&L – Profit & Loss: This is a financial statement that shows the revenues, costs, and expenses of a company over a particular period of time. Margin – This is profit from a product or service after all expenses have been covered. It is calculated by dividing the net profit by the investment cost.

article thumbnail

5 Administrative Assistant Skills That Add the Most Value

Admin Awards

Training — Employers prefer administrative professionals who are not only tech-savvy but also well-versed in the company’s most-used tools. You may also be the go-to person internally. They should also be thinking proactively about how these trends could potentially impact the company. Expertise in software and social media.

Skills 40