Businesses that let new customers sign up via a click of the mouse may be forced to make cancellation of a subscription just as easy. The so-called click-to-cancel rule proposed by the Federal Trade Commission (FTC) is on track to…
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Can a company's cybersecurity weakness equate to "ineffective accounting controls?" The Securities & Exchange Commission (SEC) says yes ... ... but for now, the courts say no. The SEC charged SolarWinds and its chief information security officer (CISO) Timothy Brown…
A North Texas company made a very expensive mistake. It misclassified workers as contractors and didn't pay them for overtime put in. The Department of Labor's (DOL) wage & hour division determined that 430 heating, ventilation and air-conditioning (HVAC) technicians…
Businesses that utilize the ACH network for banking should know that Nacha has amended its operating rules. A new format for the Company Entry Description field must be used by March 20, 2026. Nacha says that’s a “no later than”…
Here's a common scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individual rolls over the money in his or her 401(k) into an individual retirement account (IRA) sponsored by the new employer.…
Many businesses are hesitant to spend big bucks on capital improvements or new equipment due to inflation, high interest rates and economic uncertainty. But there's at least one very good reason for not waiting until next year to address a…
Companies are sending their "road warriors" out at a rate not seen since 2019. A new study shows companies are allocating more of their budgets for travel costs through 2024 and into next year. Upward Climb with Uphill Struggles: 2024…
Excel financial formulas allow users to process accounting data quickly and easily. To use a financial formula in Excel, click on the “Formula” tab along the main tool bar. From the function library, click on “Financial” and select the formula…
The Federal Trade Commission (FTC) managed to stall some major corporate mergers on anti-trust grounds. Don't be shocked if the trend continues even if Donald Trump wins back the White House in November. The FTC's chairwoman Lina Khan is popular…
The Financial Accounting Standards Board (FASB) is calling on publicly traded companies to report employee compensation. And that's not all. As we reported a few months back, FASB also wants public firms to report manufacturing and inventory expenses on their…
The list of fraudulent brokerages, securities firms and even financial regulators just keeps getting longer. Hundreds, potentially thousands, of scam artists are on the prowl, looking to pick the pockets of investors who don't double check a company's on the…
How you push one staffer’s buttons might not be the best strategy for another staffer. But there are some motivational “Dos” and “Don’ts” that resonate with just about everyone: Do reward teams and individuals Group rewards and recognition are just as…
