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”…
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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…
The Securities and Exchange Commission (SEC) can no longer deny a party charged with securities fraud to a jury trial in a federal court. The Supreme Court just curtailed SEC internal enforcement established by the 2010 Dodd-Frank Act. Critics allege…
The Department of Labor's independent contractor (IC) rule that went into effect on March 11 is forcing many businesses to triple-check they're in full compliance. The rule helps to clarify gray areas in IC/employee determinations. Employers must follow a six-factor…
A federal ban on employee non-compete agreements may not go into effect in September after all. Two lawsuits scheduled to be decided in late July and the end of August may put the kibosh on the Federal Trade Commission's (FTC)…
For most employers nationwide, the new salary threshold for who’s exempt from the federal overtime and minimum wage requirements took effect July 1, 2024. The legal challenges continue, though. Earlier in the year, three lawsuits had been filed in federal…
