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10 Best Financial Management Tools for Personal and Professional Use

Success

Below are some of our favorite financial management software programs for personal use. Financial management software for businesses If you’re looking for a more robust and comprehensive financial management software to handle business finances, look no further than the list below. Plus, it’s free. One-person operation?

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5 things you should do now to prepare for year-end payroll reporting

BMT Office Administration

However, Payroll teams are busy preparing for a different season — year-end reporting. For 1095 reporting by self-insured group health plans, you can also be penalized for not reporting employees’ dependents’ SSNs. Review employees’ health benefit applications for dependents’ SSNs. Confirm Social Security numbers and addresses.

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Pre-boarding Can Set Up New Hires For Lasting Success

Allwork

Pre-boarding can focus on building engagement, meeting the new team, having the new hire complete payroll forms, figuring out a start date, scheduling a tour of the workspace, etc. . Send out paperwork for things like tax forms, NDAs, and health insurance in advance.

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Small business tax credits and deductions you should know about

BMT Office Administration

million of the cost of qualified property—machinery, equipment, standardized computer software, and improvements to nonresidential buildings—placed into service in 2023. For certain small businesses, however, the credit is effectively refundable , depending on the size of their payroll. For 2023, you can deduct up to $1.16

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How Hiring Virtual Assistants Can Boost Employee Performance and Work-Life Balance

Success

Business leaders, then, must think about whether their workplaces are conducive to employee happiness and health. Taking time away from work is also essential to mental health and wellness, something that VAs have helped with at East End Taste , a Hamptons-based online publication covering food and sustainable travel.

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Benefits of outsourcing HR for small businesses

BMT Office Administration

Most small businesses focus on their product/service team and sales staff in the early years, but someone still needs to run payroll and handle onboarding for new hires. This includes things like payroll administration, employee benefits , HR compliance, and talent acquisition. How does HR Outsourcing work for small businesses?

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Employers may be responsible for employee damages from cyber security hacks

BMT Office Administration

Pay up: Maine wage-payment laws Employee self-service portals are a great innovation for Payroll and HR. Northern Light Health. What’s reasonable depends on the circumstances, of course, but small employers don’t have to spend a bundle on cybersecurity software. The case is Dorsey v.

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