For many of your peers, the pandemic exposed areas of their financial systems that were out of date, especially when it came to month-end close. For example, research by Robert Half found almost seven out of 10 companies rely on…
Accounting
Whether your year-end closing is this quarter or still months away, your Finance team needs a strategy for keeping stress low and productivity high while generating those annual balance sheets, profit and loss statements and cash flow statements in case…
Good news: The feds are liable to scale back an accounting standard for commercial building leases that some business owners say may put them at a financial disadvantage with their competitors. The Financial Accounting Standards Board (FASB) may revise requirements…
Until now, there haven't been any specific accounting rules for cryptocurrency assets you may have. After all, crypto economics can be volatile. The price of bitcoin fell from $47,816 in January to $19,557 this month, according to YCharts. After putting…
Because inflation's forced the Fed to raise interest rates, making the cost of capital higher, it's mission-critical to carefully manage the cash your company has on hand to avoid going outside your own cash flow for working capital. That's the…
Cooler temperatures and falling leaves are signs that the countdown to year-end is on for your Finance team. The transition from thinking about vacation getaways to tax filing deadlines will happen slower for some. But if you start noticing a…
With the first official day of fall almost here, your Finance team needs to start getting ready for year-end. And a good place to start is ensuring you're submitting accurate info to IRS about your independent contractors and that they…
Economic unpredictability may be giving senior leadership and shareholders second thoughts about your 2023 budget priorities. Here's what some experts are saying about the approaches your peers may be taking with their 2023 budgets, which can give you some budgeting…
National Preparedness Month is every September, and IRS is reminding employers to boost their disaster preparedness and ensure their important Finance records are protected. Between hurricanes, wildfires and other severe weather conditions, it’s key for companies to regularly review and…
The state of small businesses can give companies of all sizes insight into how to weather the economy right now, particularly the challenges caused by inflation. Specifically, cash flow is a significant concern for small businesses. Nearly 40% would have…
IRS just announced widespread penalty relief for many business and individual taxpayers who may have filed certain returns during the COVID-19 pandemic. Much of the penalty relief was extended due to an unprecedented backlog IRS experienced while attempting to process…
IRS has announced that interest rates will rise for the fourth quarter of 2022 – a decision that should come as no surprise based on the current state of the economy. Per the agency, the rates will increase for both…
