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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.

Payroll 52
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1099 vs W-2: The difference between employees and contractors

BMT Office Administration

Forms such as IRS Form W-2 and IRS Form 1099 need to be sent out by the end of January. Both forms provide end-of-year compensation information that employees and contractors need for tax purposes. A W-2 is a tax form that businesses send to their employees as well as the government. What is a W-2? What is a 1099?

Payroll 52
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Business finance: The ultimate guide for non-finance people

BMT Office Administration

In fact, ROBS is currently the most popular form of business financing in 2023. Equity refers to the total value of a company’s assets minus the cost of its debts. Due to these costs, it’s sometimes necessary for businesses to go into debt to achieve the cash flow they need to survive. What’s that?

Finance 105
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Ensuring payroll compliance in 2024: What’s new?

BMT Office Administration

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. From the implementation of SECURE 2.0 From the implementation of SECURE 2.0

Payroll 52
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Do You Know Your Lifestyle Ratios?

Stephanie LH Calahan

Most of the entrepreneurs I talk with tell me that they started their business because they wanted some form of freedom.    Revenue, net income, total expenses, and payroll costs are just a few of the items that you may be monitoring on your profit and loss statement.    What about you? Monthly Hours.

Lifestyle 100