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…
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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…
One of the key reasons some businesses are scrapping their remote work policies and mandating that employees come back to the office is all about economics and location, location, location. Translation: Companies in cities like New York and Houston either…
CFOs are desperate for more clarity, faster reconciliation and fewer errors in their payments and receivables. Automation solutions and artificial intelligence tools top finance chiefs' list of strategic solutions. The third annual State of Payment Operations report (conducted for Modern…
Most employers give out annual pay raises, according to a new survey. However, the increase isn’t enough to keep up with inflation. The survey, Getting Paid in America, is released each year by PayrollOrg (formerly the American Payroll Association). In…
Extending credit to customers is riskier than ever. Whether it's an existing customer looking for more favorable terms or a newer client a company doesn't have a track record with, it's best to obtain as much info about the customer's…
