The Federal Trade Commission (FTC) ban on non-compete agreements won't go into effect in early September and is doubtful to become the law of the land anytime soon. A federal district court judge in Texas granted summary judgment for a…
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To prevent tax levies, employees may enter into voluntary agreements with IRS to repay what’s owed. That means Payroll may end up withholding from their wages. The form that an employee would fill out – Form 2159, Payroll Deduction Agreement…
Excel is great for summarizing data in tables, charts and PivotTables. Here are a couple of time-saving methods for summarizing data in Excel that Finance staffers can try: Excel Special Paste The Special Paste feature can be used to copy…
The IRS is extending an olive branch to businesses that received tax credits related to COVID-19 in error. The tax cops are launching a second Employee Retention Credit (ERC) voluntary self-disclosure program to run through November 22. Previous ERC claims…
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. "Off-channel" communication enforcement efforts are…
Many paycheck-advance products, such as earned-wage access, are consumer loans, the Consumer Financial Protection Bureau (CFPB) recently stated. Under a proposed interpretive rule released July 18, 2024, the CFPB also announced the Truth in Lending Act and Regulation Z would…
Americans use more healthcare services than any other people. So we pay more as a result -- and the cost is going up every year. 2025 won't be an exception. PricewaterhouseCoopers' Health Research Institute (HRI) warns group health plan costs…
Public companies expect third-party audits to be thorough and accurate. Many aren't getting the results they expect. The Public Company Accounting Oversight Board (PCAOB) is back with its annual report on broker and dealer (B&D) audits. The board reviewed compliance…
The conditional formatting tool in Excel allows users to apply many different formatting options to data. The benefit: sorting and recognizing data is much easier. These Excel formatting options include background colors, borders and font formatting -- all visual cues…
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…
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…
