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

BMT Office Administration

However, there is sometimes some confusion on which to send — and you don’t want to get it wrong. 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. What is a W-2? Are the business aspects of the worker’s job controlled by the business?

Payroll 52
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New guidelines for electronic W-4s you probably missed

BMT Office Administration

15-T: Electronic systems set up as a substitute to paper Forms W-4 must exactly replicate the text and instructions from the face of the paper Form W-4 beginning with Step 1c through Step 4c (inclusive). You can use the IRS’ PDF version and allow employees to use Adobe’s signature feature to attach their signature. Cut to the chase.

Forms 52
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Business and IT - Adversaries or Partners?

Small Business CEO

Watch for some of these warning situations: • Everyone knows HR cuts payroll checks, and finance pays vendors. IT doesn’t always have the opportunity to regularly show its value and can be taken for granted. People don’t want to talk until something is broken, or frustration has mounted to the point of eruption.

Payroll 40
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Three Tips - Preparing for Economic Recovery

Small Business CEO

If you haven’t yet taken advantage of the slower business cycle to make the day-to-day processes in your company more efficient, start now. Others enter the data into payroll, into project tracking systems and then again into client billing systems. Increase productivity so initial growth can be absorbed by existing employees.

Fax 40
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Control Expenses – Automate Process Through Workflow Software

Small Business CEO

How many of you find that new employees don’t get equipment or security access on time, are missing their name plate or aren’t set up in payroll? Having the information online reduces turnaround time for approvals and can reassure a customer by showing where his application is in the process. Internal processes.