Fall is the crunch-time season for unclaimed property reporting and escheatment. The states with approaching deadlines are almost as numerous as the leaves falling this time of year. The majority of them are either October 31 or November 1. In…
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The cost of being a federal contractor is going up for 2024 due to a minimum wage increase. There's legal pushback in some parts of the country, though. The Department of Labor (DOL) released two notices on September 28, 2023,…
The Federal Trade Commission (FTC) just widened its crackdown of so-called junk fees that mislead the buying public. A proposed rule would prohibit businesses from adding "hidden and bogus fees that can harm consumers and undercut honest businesses." The FTC…
"Ghosting" isn't just a phenomenon in the dating world. Credit departments are increasingly being ghosted by customers who may be struggling to pay multiple creditors. In some cases, these "disappearing act" clients were granted credit extensions by businesses. Failure to…
Several investment advisers and dealer-brokers are paying a whopping $79 million in fines because they couldn't produce records of electronic communications. The Securities and Exchange Commission (SEC) continues to focus its enforcement efforts on individuals and companies that don't practice…
Finding and securing talent is always at or near the top of CFOs' list of concerns. Could removing college degree requirements from job descriptions help widen the talent pool? Companies like Walmart think it might give them a competitive advantage.…
Office vacancy rates are high and could climb further. Yet many landlords haven't been cutting their tenants breaks on monthly rents to keep them in place. A poll by Capterra finds 74% of small businesses are paying more in monthly…
If any employees sustain injuries and can’t work, your company may end up compensating them. If so, take the time to double-check entries on Form W-2. Payments to injured employees may be taxable or nontaxable income based on various factors.…
In case your finance team had been in cruise control heading into year-end because IRS's quarterly interest rates hadn't changed since the beginning of 2023 - surprise! There are new rates as of October 1, 2023. IRS Rev. Ruling 2023-17…
Industry demand for crude oil is rising. The price of a barrel of oil could top $100 before Halloween. Since OPEC announced it would reduce output in the spring, energy prices flattened out for most of the year. That calm…
Heads up: Two pieces of legislation would provide more health savings account (HSA) flexibility for employees, increasing the value of this benefit. On September 28, 2023, the House Ways and Means Committee approved both bills. Here are some highlights from…
The largest and most profitable companies in competitive markets apparently meant it when they promised to interview and hire a lot more minority job applicants. Hiring data from 2020-21 of 88 companies on Standard & Poor's (S&P) 100 list bears…
