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…
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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…
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…
