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10 Best Financial Management Tools for Personal and Professional Use

Success

Managing your business and personal finances can be a headache. We’ve put together a list of the best financial management tools for both personal and professional use. Professional money management tools tend to be extremely robust and not always suited to individuals. For this reason, we’ve separated the two categories.

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Constructive receipt and on-demand pay, a murky payroll intersection

BMT Office Administration

Included for the second time in the administration’s budget are new payroll tax rules governing on-demand pay. This provision becomes effective for plan years beginning in 2024. The post Constructive receipt and on-demand pay, a murky payroll intersection appeared first on Business Management Daily.

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IRS guidance addresses SECURE 2.0’s catch-up contribution dilemma

BMT Office Administration

This is good news for Payroll, which can postpone tracking employees’ salaries and reworking the payroll software ; Benefits, which is probably in the process of making conforming amendments to the 401(k) plan; and employees, who can continue to make catch-up contributions on a pretax basis. The post IRS guidance addresses SECURE 2.0’s

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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

You might be using a new phone system or dealing with new project management software. Tools of the Trade Familiarize them with the essential programs and platforms used by the company (project management, file management, internal communications, virtual meeting platforms, etc.),

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Final regs drop mandatory e-filing threshold to 10 or more information returns

BMT Office Administration

The regs will be published in tomorrow’s Federal Register and apply to information returns you’re required to file beginning in 2024. Example: In 2024, Sparky files 12 Forms 1099-NEC on paper, but it should have e-filed all of those returns. The IRS has finally released these regs, and they contain a couple of surprises.

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Make Procedures Development a Habit, Not a Project

All Things Admin

Or you may have set days of the week where you do certain reports or perform routine tasks like expense reporting or payroll. Report how many procedures you started to your accountability partner or your manager at the end of each week. Continue working on it throughout the day or week when you do that task.

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