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The 4 Best Retirement Plans for Self-Employed Individuals to Consider

Success

Saving and planning for retirement as a self-employed person can be more difficult than for others. Company employees often have access to a 401(k) or other retirement savings account that lets them make automatic contributions pulled from every paycheck. How is a self-employed retirement plan different from a 401(k)?

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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.

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Sorting out taxes and reporting for a deceased employee

BMT Office Administration

While fortunately a rare circumstance, dealing with payroll for a recently deceased employee can be tricky. Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. What pay is taxable?

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How Michael J. Fox Finds Ways Around Life’s Obstacles

Success

Then Fox’s golden-boy career was seemingly derailed much too soon by a diagnosis of Parkinson’s disease—only to be resurrected by award-winning guest roles and, briefly, his own NBC sitcom before he officially retired in 2020. Fox grew up in a loving, supportive family that settled in the Vancouver suburb of Burnaby after his father retired.

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The What, Who and How of Outsourcing… So You Can Let Go

Success

You make it happen, you’re up for a challenge , you do it your way. When Harry Hecht, an Orlando, Florida-based mentor with SCORE—originally named the Service Corps of Retired Executives—encounters business owners who are reluctant to outsource, he has them track their time. “I Then bump it up to scheduling. Do-it-yourselfers.

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Want to Reach Your Potential? Be a Learner

Success

The same is increasingly true in many fields, whether you’re freelance or on the payroll. Even people in less high-tech jobs feel the pressure to beef up their expertise. Three times a week we received clearly-worded challenges in topics such as “tidy code” and “retired tags to avoid.” It’s life preparation.

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Navigating the IRS’ Interactive Tax Assistant

BMT Office Administration

Once I got the hang of loading the tax-prep software onto my almost-brand-new Windows 10 laptop and ran through sometimes deliberately vague set-up questions, I discovered several blatant errors. Probably, but I’m not owning up to it yet. It’s payroll -friendly, too! I stuck to the top—Do I Need to File a Tax Return?

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