Cyber attacks that disrupt a company's business must now be reported under a rule which went into effect last week. The stated goal of the rule is to inform potential investors of a company's cybersecurity and what it's spending to…
News
Employer health insurance plan costs are set to spike for next year. All the experts are in agreement on that point. The only question is just how much higher coverage will cost. Employee benefits consulting firms Mercer and Willis Towers…
IRS has given employers two extra years to implement a Secure 2.0 Act provision that's bringing tax changes for certain retirement plan catch-up contributions. Section 603 of the Secure 2.0 Act says that if employees whose wages exceed $145K in…
The Biden administration is planning to add another reporting requirement for publicly traded companies. This time it's taxes paid to jurisdictions a company does business in. The beneficiaries of the new rule are investors who want as much info about…
A proposed change to overtime eligibility by the Department of Labor is causing a fair share of angst for many employers. Companies in the manufacturing and retail sectors will be impacted most. The Biden administration is calling for a roughly…
B notice season (September through October) can be a minefield for A/P pros because nobody wants the extra work of calculating 24% backup withholding or fielding calls from unhappy vendors about the reduced payments. It should come as no surprise…
Finance pros are doing quite a bit better than people in other sectors when it comes to compensation. Nearly 60% of workers report they've gotten stiffed by their employers in the last two to three years. OnePoll asked 1,859 adult…
The money- and time-saving benefits of artificial intelligence (AI), automation and other cutting-edge technologies are spurring companies to recruit and hire the best practitioners. For now the demand is greater than the supply. Weekly job postings for generative AI positions…
Just as consumers are finally cutting back on spending, we can count on B2B customers to do the same, across all industry sectors. The good news? Companies that offer superior products and services and can easily demonstrate their expertise will…
Most businesses think we're already in a recession or it's coming early this fall. The good news is, most are fairly confident they'll survive it. There's just one major catch. Businesses short on cash are balking at high interest rates…
The requirements for paying the prevailing wage under federal law have been slowly expanding for decades, but now, updated regs have brought marked changes. The Department of Labor (DOL) issued a final rule on August 23, 2023, revising the regs…
Picture this scenario: An employee clicks on an email from a co-worker who's already left for the day. Nothing in the email subject line to suggest it's a phishing attempt or anything more malicious. So the employee clicks on the…
