Give your team a heads up: The informational copies of the 2022 Form 5500, Form 5500-SF, IRS Form 5500-EZ and form instructions have been released by IRS, the Dept. of Labor’s (DOL) Employee Benefits Security Administration and the Pension Benefit…
Accounting
Since remote and hybrid work became normal for many companies, some workers are complaining that their employers should pay for work-from-home expenses, such as internet and electricity costs, printers and office supplies. A few employees are even suing their employers…
Since about 80% of all your company's transactions go through A/P, if a totally paperless A/P department is one of your goals for 2023, robust controls to prevent waste and misuse of company funds will be essential. That's because according…
The U.S. Securities and Exchange Commission (SEC) is on track to finalize a rule mandating publicly traded companies report direct and indirect greenhouse gas emissions. The rule is part of the Biden administration's goal of making Environmental, Social and Governance…
Twelve years after Dodd-Frank became the law of the land, the feds are finalizing "clawback" rules that address recovery of erroneously awarded compensation. The Securities and Exchange Commission (SEC) is mandating that "national securities exchanges establish listing standards that would…
For many of your peers, the pandemic exposed areas of their financial systems that were out of date, especially when it came to month-end close.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…
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…
