Finding and securing talent is always at or near the top of CFOs' list of concerns. Could removing college degree requirements from job descriptions help widen the talent pool? Companies like Walmart think it might give them a competitive advantage.…
Accounting
In case your finance team had been in cruise control heading into year-end because IRS's quarterly interest rates hadn't changed since the beginning of 2023 - surprise! There are new rates as of October 1, 2023. IRS Rev. Ruling 2023-17…
How many times has your Finance team seen the word "processing" on their laptop screens this week? Instant payments, both via The Clearing House's RTP (Real-Time Payment) Network and the Federal Reserve's 24/7/365 FedNow Service, are poised to change that.…
The Biden administration is planning to add another reporting requirement for publicly traded companies. This time it's taxes paid to jurisdictions a company does business in. The beneficiaries of the new rule are investors who want as much info about…
Seven months after its release, ChatGPT is being touted as a replacement for a range of occupations. Artificial Intelligence (AI) tools like ChatGPT (technically a Beta rollout) are being tested against humans in areas like accounting and early results are…
Those of us who can remember the Internet becoming a fixture in the workplace also remember a lot of so-called experts making dumb predictions. Such as "it's just a fad" and "people will always want the printed page" to "the…
The Securities and Exchange Commission (SEC) just fined a company $35 million because it didn't maintain adequate disclosure rules for tracking workplace complaints and violated whistleblower protections for departing employees. The only problem? The SEC admits not a single employee…
Despite how important monthly financial close is, many companies still struggle to close their books within one workweek, according to a survey by the American Productivity & Quality Center (APQC). APQC data found that the median number of days an…
You can now file Form 1099 series information returns using the Information Returns Intake System (IRIS) online portal. Step one is enrolling with IRS by clicking here. IRS is touting the free electronic filing service, which doesn't require any special…
The Financial Accounting Standards Board (FASB) is requiring public companies to disclose expense details involving employee compensation, depreciation of "property, plant and equipment," amortization of intangible assets, and costs capitalized to inventory in their income statements. While it may make…
There's no need to panic if you or one of your staffers discover they've made mistakes with your company's 401(k) plan. No one is going to jail, and in almost every case you won't be paying a penalty, so long as…
A lot more contractors and businesses like yours that receive payments via CashApp, PayPal or Venmo have been bracing for getting a 2022 Form 1099-K for income received from business transactions over third-party payment networks. That's because the Form 1099-K…
