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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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Summertime tax scams are going strong

BMT Office Administration

We are writing to inform you abount an important matter regarding your recent tax return filing. Sender : INTERNAL REVENUE SERVICE” Just as a reminder, the IRS doesn’t email or text you. Sender : INTERNAL REVENUE SERVICE” Just as a reminder, the IRS doesn’t email or text you.

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It’s time to review (or create) your document retention policy

BMT Office Administration

As a starting point, consider what these organizations say about some major types of records to keep and for what length of time: Per the Internal Revenue Service : The length of time you should keep a document depends on the action, expense, or event which the document records. Keep copies of your filed tax returns permanently.

Policies 105
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Leveraging Procedures for Effective Training and Onboarding

All Things Admin

Introduce them to all of the social media channels your company uses and define how you prefer employees or contractors on your team to engage with them online. Human Resources Information Benefits and Compensation: Detailed information on employee benefits, compensation structure, and payroll schedule.

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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.