If yours is like most companies, you've got at least one staffer managing cash application of payments. And if your cash application relies on manual processes, it can feel like a full-time job. A recent National Association of Credit Management…
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There's no one-size-fits-all rulebook for leading people. But there are two indispensable traits that successful leaders must exhibit: credibility, and communication skills. Skimp on one of those two areas and people will doubt your abilities. Close to 10% of companies…
Some of the biggest companies are ending their diversity, equity and inclusion (DEI) initiatives -- and doing so quickly. Brown-Forman, maker of Jack Daniel's whiskey, is ending its “quantitative workforce and supplier diversity ambitions ... [and its] participation in the…
Accounting firms face tougher fiduciary duties as the result of three new federal rules. The Securities & Exchange Commission (SEC) approved guidelines written by the Public Company Accounting Oversight Board (PCAOB), the commission's Sarbanes-Oxley compliance arm. Employees of accounting firms…
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…
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…
