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Learn MoreAlthough consumers have fully embraced digital payments - peer-to-peer mobile apps, electronic bill-pay services and getting paid via direct deposit, to name a few - many companies are slow to adopt modern electronic payment technologies. In fact, last year a…
Imagine getting a Notice of Final Determination from a state revenue department that said it wasn't going to recognize a use tax exemption that your organization was claiming, and that you owed $74,000 more than what you thought you were…
Increasingly clever cybercriminals are out to take your company’s money. They’d even stoop so low as hacking you with a purchase order that looks real. For example, emails with an attachment disguised as a purchase order can contain links to…
Many companies are turning to even faster payment methods, such as embedded finance solutions and banking as a service products. In fact, according to a PYMNTS report, more than four out of 10 businesses (41%) are using real-time payments to…
Because your A/P team is a critical part of your business, it needs to be adequately staffed with qualified and capable employees who enjoy working for you. But in a tight labor market, where employees expect remote work options, work/life…
With remote work here to stay, A/P has to work harder to verify crucial information, such as vendor bank account numbers. Unfortunately, fraudsters are also working hard. They've been busy exploiting dispersed Finance teams' increased reliance on email for routing…
In March and April, some of your peers will receive CP2100/CP2100A notices from IRS that will require them to mail out B notices notifying vendors and contractors that they need to update their Form W-9, or else payments will be…
The 2022 End-of-Year Sales Tax Rates and Rules report by tax technology solutions provider Vertex Inc. has both good news and bad news for your finance team. First, the good news: The overall number of sales tax rate and rule…
Sales and use tax shouldn't just be the responsibility of your A/P and A/R departments. Although they're the ones who are experts in sales and use tax liability, your sales and purchasing teams can support Finance by double-checking that the…
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…
Reminder: If you're like many businesses that took IRS up on the pandemic-related relief offer in 2020 to put off paying Social Security taxes, the last payment installment is due by December 31st. If you're experiencing deja vu, there's a…
Your A/P staffers have seen their share of outrageous business expense reimbursement requests from employees. But how do they compare to the “Craziest Expenses” for 2022 compiled by global expense management company Emburse? See if you can guess which business…
Resourceful Finance Pro, part of the Rover Insights Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
