The Secure 2.0 Act of 2022 brought big retirement plan changes. But in spots, the wording wasn't clear, leading to uncertainty among plan sponsors and others. So, Congress is in the process of making some technical corrections. After first sending…
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Joe Biden and China's Xi Jinping are prepared to punish each other's manufacturing sectors as diplomatic relations grow more tense. The Chinese are going to cut off a vital link in the U.S. supply chain and drive up costs for…
Motivating people is a common problem for business leaders. Workers who need reminders about meeting deadlines and always striving to give their best effort can be a detriment to the team. Before you deal with problem employees, it's essential to…
Senior political advisor Stephen Miller is busier than ever since leaving the Trump administration. Miller is squaring his sights on companies that hire and promote based on factors like race and gender. The result? Some companies are scaling back their…
The 2024 tables for federal income tax withholding are now available, IRS said during a recent Payroll Industry Call. The Service posted the draft version of Publication 15-T, Federal Income Tax Withholding Methods, on November 20, 2023, and included the…
The success of Finance depends on an accurate and efficient A/P department. That includes every step of invoice processing - receiving, validating, capturing and coding data, matching to purchase orders and receipts, routing through approval workflows, etc. In today's business…
The most common reason companies get ripped off by dishonest employees? Lack of oversight. The Jacksonville Jaguars football franchise is just the latest example. The Jags made Amit Patel its manager of financial planning and analysis in 2018. One of…
Inflation isn't dropping as low as Jerome Powell and the governors of the Federal Reserve thought it would when they began ratcheting up the funds rate in March 2022. No matter: A growing number of financial pros predict the Fed…
Could entrepreneurs and businesses recoup billions of dollars in taxes paid after Congress passed the Tax Cuts and Jobs Act in 2017? A case being heard by the U.S. Supreme Court starting this week will answer that question. SCOTUS is…
Year-end close is when many finance teams are vulnerable to burnout from a seemingly endless, high-priority to-do list of generating annual balance sheets, profit and loss statements and cash flow statements. So if your year-end closing is this quarter, or…
How much will employers have to pay for any penalties related to tax year 2023 forms, including W-2s and other information returns? We’ll review those numbers and also take a look at the numbers IRS recently released for tax year…
Digitizing A/P is still very much on the minds of your peers, who are prioritizing control of cash flow over business growth as organizations face economic uncertainty and rising inflation. A survey of 821 finance pros, as well as 246…
