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

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

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

BMT Office Administration

Never dispose of a current employee’s Form I-9; you must keep it for as long as the employee works for you, and for a certain amount of time after they stop working for you. Only when an employee stops working for you should you calculate how much longer you must keep their Form I-9. Per the U.S. Department of Labor.

Policies 105
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How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. This traditional form of time tracking has long been used as a way to manage employee productivity & performance, but the advent of remote work has thrown a wrench into the works. Employee scheduling. Productivity monitoring.

Payroll 52
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Establishing a Digital Presence

Recruit CRM

There should also be a ‘Write to Us’ or ‘Message Us ‘form that comes straight to your inbox, with an automated ‘thank you’ message and mentioning how quickly you will get back to them ( one or two working days at best). small form could pop up which is filled by the visitor).

Temping 52
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Stay organized and secure with electronic records management

BMT Office Administration

Such a management system utilizes information technology to organize and store records in electronic form. Some types of business records, such as tax forms and legal documents, are relatively easy to spot. Others, such as emails and social media posts, are not so obvious. OSHA forms. Payroll information.

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Epic pandemic? Taking control of your career during times of uncertainty

Who's the Real Boss?

Regardless of the industry, with many states and countries now in some form of lockdown, the impact that the virus is having on businesses, regardless of what they do, is catastrophic (well, except for the ones that manufacture hand-sanitizer!). Perhaps the accounts team have been cut…so why don’t you step in to help manage the invoicing?

Resume 52
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Registering your business – Start Up Guides – Part 5 | THE SMALL.

The Small Business Blog

Other Great Business Blogs Social Media for Business WinWeb Pitch of the Week – Martin Everard Benefits Of Building A Home Business Is There More Financial Hardship To Come? If you are operating through a limited company the form you use is CT41G. To register you need to complete form VAT1. You want the whole tree."

UPS 100