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

BMT Office Administration

While individuals have until April 18, 2023, to file their personal income taxes, businesses have to start thinking about tax requirements a bit sooner. 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. What is a W-2?

Payroll 52
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Marketing and Branding Essentials Share the corporate branding guidelines so they know the appropriate use of logos, colors, fonts, etc. 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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It’s time to review (or create) your document retention policy

BMT Office Administration

When constructing your policy, examine legal and regulatory guidelines. Keep copies of your filed tax returns permanently. Each employer shall preserve for at least three years payroll records, collective bargaining agreements, sales and purchase records. Always research rather than assume. Requirements may prove surprising.

Policies 105
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Stay organized and secure with electronic records management

BMT Office Administration

Many serve as supporting evidence when the company files taxes or gives reports to other federal agencies. Internally, anyone from a manager looking for details of past dealings with a specific client to lawyers building a defense for an improper termination lawsuit benefits from the ability to quickly and easily find what they need.