The high taxes, onerous regulations and quality-of-life woes of doing business in blue states is taking a toll on small business owners (SBOs). Fact: 40% of employers in California are actively looking to move, while another 27% wish they could,…
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After the flood of new e-commerce sales tax rules in the five years since the South Dakota v. Wayfair Supreme Court decision, this may be the year when more economic nexus laws finally start getting simpler. The Streamlined Sales and…
Business groups complained loud and long about a first-of-its-kind climate change disclosure rule that's still in the works. The Biden administration clearly got the message. The Securities and Exchange Commission (SEC) is reportedly axing a controversial "scope 3" emissions reporting…
With TY 2023 forms out the door, you may be thinking about next year-end and what changes you can expect on Form W-2. IRS posted the final version of the 2024 Form W-2 on its website in December of 2023.…
Believe it or not, there's still money left on the table for companies that kept workers on their payrolls while struggling to stay afloat during the COVID-19 pandemic. Heads up: Businesses face a March 24 deadline to correct any employee…
To attract and retain top-notch finance talent, many companies focus on the traditional lures. Examples: offering a competitive salary, touting health and wellness benefits, and so on. One attractive factor to consider? Allowing accountants, analysts, auditors, tax managers and other…
After years of investing in and touting sustainability, three of the largest financial asset owners in the world are taking their ball and going home. A global task force that aims to phase out fossil fuels and boost renewable green…
Federal and state courts hearing overtime pay disputes will always defer to the maxim that the employer must prove employees aren't subject to the OT they claim is owed. Unless an employee meets the salaried, "white-collar" exemption (executive, administrative, professional…
A federal appeals court could weaken a 50-year-old muzzle on companies and individuals that settle securities fraud allegations. And there's a good chance the U.S. Supreme Court will weigh in on the matter soon enough. The U.S. Securities and Exchange…
A finance employee at a multi-national company recently transferred money at the direction of the CFO during a video call. Other finance co-workers whom the employee recognized sat in on the call. The employee dutifully made 15 separate electronic transfer…
Which Fair Labor Standards Act (FLSA) provision cost employers the most in back wages, according to the latest stats? If you guessed overtime, you'd be right -- by a long shot. Overtime was about five times costlier than the other…
Good news: The IRS updated its Form 1099-K FAQ fact sheet. The Service revised guidance for two dozen of the most common queries that it receives regularly. 1099-K compliance can be one of the more aggravating tax-reporting chores for businesses…
