After several years of volunteer work, three individuals filed a lawsuit under the Fair Labor Standards Act (FLSA), saying they should have received paychecks. They'd been given benefits such as discounted golf for volunteering. But in their lawsuit, they claimed…
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Collections teams are under added pressure to keep after delinquent accounts and press for payments, even if only partial ones. Waiting too long will lower the odds of seeing a dime from a cash-strapped debtor. Despite positive economic signs popping…
A costly and unnecessary climate change reporting rule for the banking sector, favored by European elites, won't go into effect stateside. The Federal Reserve wisely backed down after enduring a barrage of complaints from U.S. companies. A similar but weaker…
The Securities and Exchange Commission (SEC) under President Biden continues to make an example of companies and individuals that don't tell customers and investors the whole truth and nothing but. Two investment firms are the latest to feel the wrath…
What company wouldn't opt for an employee benefit that helps new families out and pays for itself in various ways? A recent report on companies that expanded child care assistance is an eye-opener for businesses that seek to attract and…
A Federal Trade Commission (FTC) rule that would ban non-compete clauses is scheduled to be finalized in April and go into effect soon after. The regulation would be a welcome relief for skilled job-seekers attempting to join a competitor in…
Companies say they're struggling to find talent. Maybe you're in the same boat. It can seem like top performers are choosing other firms, or that they just don't exist. Or it could be that employees with potential aren't getting a…
Auditors sought a single principle for accounting of software costs. But after months of consideration, the Financial Accounting Standards Board (FASB) is shelving the project. FASB announced current guidance will remain in place. Board members "decided not to further pursue…
A last-ditch effort to restore tax write-offs for research costs -- including software engineers' salaries -- appears dead on arrival in the Senate. Politics is preventing a deal from getting done, despite several GOP Senators wanting to provide more tax…
IRS recently made changes to Form 941. For one thing, a Spanish version of the federal tax form is now available starting with the first quarter of 2024. On February 28, 2024, IRS released final versions of the 941, Schedule…
Paying six-figure salaries to relatives of the owners or top executives of a company is never a good look. For a publicly traded company, failing to report this kind of questionable compensation will attract the attention of the feds. Popular…
CFOs and controllers are on the lookout for every angle to keep spending in check. The last thing most companies want to do is lay off people to get costs under controls. A new report shines a light on an…
