States are always looking for ways to attract new businesses and prevent existing ones from pulling up stakes. Lowering corporate taxes is one way to do it. So is reducing income taxes for workers. 2024 will see a bevy of…
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Brainstorming can be a great way to generate lots of potential solutions for a specific problem. And there’s no better group to brainstorm with than your own staffers who handle finance, accounting, benefits and payroll issues all the time. To…
Federal agencies issue hundreds, if not thousands, of regulations that businesses and customers could easily do without. There are exceptions, however: Like the data breach disclosure rule that went into effect this past fall. The U.S. Securities and Exchange Commission…
Don't be surprised if employees are smiling a bit more after their first paychecks of 2024 come in. Many workers will see a bump in their take-home pay as a result of revised IRS tax brackets. The Service raised limits…
Upwards of 10 million workers will see a bump in their paychecks in 2024. Twenty-two states hiked their minimum wage rates to help low-income employees make ends meet. The most generous state is Hawaii. The Aloha State is increasing its…
Tight lending limits by the banks and high interest rates will continue putting a financial strain on companies in 2024. Customers will look to extend their credit limits with their suppliers and vendors to stay competitive. The majority of credit…
The emergence of A/P automation software in recent years has been the catalyst of significant transformation of the accounts payable function at many companies. With workdays less consumed by mundane, manual data entry and processing of paper invoices, finance team…
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…
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…
