Finance teams are using more AI and automation than ever, but the real question is whether they make invoice-to-cash work faster, cleaner, and less error-prone. The top goals of teams that manage the invoice-to-cash process remain the same – to…
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Here's a common rollover scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individual rolls over the money in his or her 401(k) into an individual retirement account (IRA) sponsored by the new…
Maryland payroll teams have a hard deadline: Jan. 1, 2027. That's when contributions to the state's new paid family and medical leave program begin – and the rate is now set. In April, the state DOL reaffirmed that the Family…
A rule that hadn't changed since 1954 may be getting an update. The IRS has proposed eliminating the 1099 filing requirement for payments under $2,000, with the threshold rising with inflation every year going forward -- if the rule is…
Maine's Paid Family and Medical Leave (PFML) program began paying benefits on May 1, 2026. The state DOL runs the program with Aflac as claims administrator; payroll contributions have run since January 2025. PFML Contribution Math and W-2 Reporting For…
The minimum wage for certain federal contractors increased to $13.65 per hour on May 11, 2026. The tipped cash wage rose to $9.55. Here are the details. First, it's important to clarify that the rate change applies to federal contracts…
The Department of Labor (DOL) has finalized a technical amendment restoring the 2019 overtime salary threshold to the Code of Federal Regulations (CFR) following two federal court decisions that invalidated the 2024 rule. For payroll teams, the amendment closes the…
If you're looking for a new generation of finance professionals -- or just trying to hire one or a handful -- you're likely at a disadvantage. According to BambooHR's latest report on talent in the finance industry: Entry-level positions are…
A physical therapy and rehabilitation clinic in Hawaii recently learned an expensive lesson about overtime compliance after a federal investigation found it shortchanged 32 employees. The U.S. Department of Labor's (DOL) Wage and Hour Division investigated First Physical & Functional…
A new joint employer rule is on the table. The DOL's proposed standard could determine when your organization shares liability with another employer under the Fair Labor Standards Act (FLSA), the Family and Medical Leave Act (FMLA) and the Migrant…
Spirit Airlines didn't fail overnight. The collapse was years in the making – a compounding sequence of financial decisions that any corporate finance team can learn from, regardless of industry. Over the weekend, Spirit canceled all flights, ending a 34-year…
An Oregon restaurant recently learned a costly lesson about overtime and tip pool rules after a federal investigation found it had shortchanged 19 employees. The U.S. Department of Labor's (DOL) Wage and Hour Division investigated Taste of India 1, a…
