article thumbnail

Stay on track with this payroll compliance checklist

BMT Office Administration

Payroll compliance is no small task. Everyone knows that executing payroll accurately and on time is important, after all everyone wants to get paid for their world. However, there is also a lot more that goes into proper payroll processing including a large number of compliance functions and concerns.

Payroll 52
article thumbnail

Things You Can Do As A Small Business Owner To Limit Your Tax Liability

Eco-Office Gals

It’s your responsibility as an entreprenuer to know how to pay your tax bills. Have A Retirement Plan. As an entrepreneur whose aim is to limit tax deductions contributing to a retirement plan is a good idea. Also, you can seek professional help from a financial planner who will help you choose the best retirement saving plan.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Want to Reach Your Potential? Be a Learner

Success

Early bibles of the field (Napoleon Hill’s Think and Grow Rich , Dale Carnegie’s How to Win Friends and Influence People ) urged workers to grow philosophically, to build qualities such as confidence and self-discipline. The same is increasingly true in many fields, whether you’re freelance or on the payroll.

Skills 301
article thumbnail

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

BMT Office Administration

If you’re not quite sure about the differences between a 1099 and a W-2, keep reading to learn which form to send and how to fill out and file them. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. How to fill out a 1099 vs a W-2.

Payroll 52
article thumbnail

Business finance: The ultimate guide for non-finance people

BMT Office Administration

Businesses have to incur lots of expenditures just to operate, including payroll , acquiring assets like vehicles & real estate, and day-to-day expenses (like a restaurant maintaining their inventory of condiments, food ingredients, and beverages). After all, if you wanted to start a business, how would you acquire capital?

Finance 105
article thumbnail

Workforce Participation: Where is Everyone Going?

Small Business Labs

 Non-farm payrolls grew by an anemic 93,000.  The Washington Post article says it's a combination of discouraged workers waiting out the recession and retiring baby boomers. Ugly is only way to describe the August job report. But the big problem is 368,000 people gave up looking for work in August. informal economy.

Payroll 100
article thumbnail

Should City Governments and other Businesses look to Virtual Services to Save Money?

Tips From T. Marie

The article discussed how the City of Hickory, NC proposed offering early retirement to 84 of their employees. Reading the details of what would be offered in exchange for taking the early retirement deal didn’t really strike me as a wonderful option for those 84 people., especially in the current economy.