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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? Either way, you’ll need to master the basics of business finance if you want to find success. Even employees not working directly in finance generally need a basic understanding of it to succeed. Why is that?

Finance 105
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5 Tips to Make Filing Taxes Easier for Freelancers in 2023

Success

Your client will also send a copy of the 1099-NEC to the IRS, so reporting every dollar is vital. Even if a client doesn’t send you a tax form, reporting the income is still important. Proving that you paid taxes on all of your freelance income, not just what was reported, can be helpful if you’re ever audited.

Filing 278
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U.S. Government Shutdown Threatens Recruitment Efforts for New, Younger Federal Employees

Allwork

By the end of 2025, approximately 31% of the country’s 2 million full-time federal employees will be eligible for retirement, according to the Washington Post. Only 7% of full-time federal workers are reported to be below 30 years of age, a stark contrast in comparison to the 20% representation of this age group in the broader U.S.

2025 147
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3 Steps to Take Before Going Into Business for Yourself

Success

A 2021 report uncovered that 40% of traditionally-employed American workers are considering a transition to self-employment in the next two years. Next, you’ll need to consider your current company benefits such as health insurance and retirement plans. If you have a spouse working for a company, you might be able to join their plan.

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Start Talking to Your Kids About Investing—Here’s Where to Start

Success

Additionally, “54% of teenagers… reported feeling unprepared to finance the life they hope to have in adulthood.”. Spend time discussing your family financial values and let your kids help decide where some of the household finances are allocated.

Finance 246
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54% of Workers Want a Four-Day Work Week, But Execs Aren’t Convinced

Allwork

According to George Anders, the author of the report: . But even those executives may have few regrets; the amount of money they make during the peak of their careers can pay for a long and very comfortable retirement.” . By contrast, only 56% of Gen X feel strongly drawn to a four-day work week. The survey asked 1,300 U.S.

2018 278
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How Women Are Rising in Business

Success

Women in business: a look at the numbers A 2022 annual report by the National Women’s Business Council found that women owned 20.9% Additionally, the report found that women-owned businesses “employed 10.8 Additionally, the report found that women-owned businesses “employed 10.8 of employer businesses in 2019—a growth of 16.7%

2019 246