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How to Maintain Your Company Culture Past the Startup Stage

Success

As your company moved from idea to reality, you brought a few more people into the fold, but you hand-picked them and they blended right into the startup culture. As your company took flight, you added more talent and the organization grew from a “we all do whatever’s necessary” mindset to the beginnings of defined roles.

Payroll 306
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Making Taxes Less Taxing

Success

If you start working as a freelancer without forming an LLC or corporation, you’re automatically considered a sole proprietor. There are some tax and liability advantages for LLCs and S corporations, but they also require more fees and business tax forms. There is a learning curve for all of this software.

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What Is The Impact Of Hybrid Working On Space Optimization?

Allwork

Many companies have adopted a more flexible approach to remote working. From Colliers’ 2022 Innovation Summit , we gather that 60% of companies will only need 50% to 70% of their existing office space in the coming three years. That means it should also be equipped to accommodate hybrid working. The answer is not so clear-cut.

Policies 293
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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

Businesses live and die by the quality of their financial planning and performance, as most new companies fail (21.9% In fact, ROBS is currently the most popular form of business financing in 2023. However, to avoid confusion, most companies ensure that their fiscal year aligns with the current calendar year.

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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How to handle remote employee time tracking

BMT Office Administration

Now in 2023, it’s projected that 25% of the workforce will engage in remote work in one form or another. For instance, some companies chose to engage in rather invasive & questionable monitoring practices, such as watching/photographing their employees via their webcams. It boosts productivity.

Payroll 52