When IRS reduced the electronic filing threshold, the change impacted a long list of information returns. Now, the list of forms to e-file may get longer. That’s because of a recent recommendation from the Electronic Tax Administration Advisory Committee (ETAAC).…
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High taxes, crumbling infrastructure, a weak economy, crime ... all of these factor into where a business decides to do business or avoid. We predict companies of all sizes and across a range of industries will continue to relocate and/or…
News flash: The stock market and financial sector didn't do too well in 2022. But for the majority of business sectors, profits soared and shareholders got richer last year. The numbers might even surprise you a bit. Visual Capital showed…
Whether it’s a big meeting or a quick huddle, the last thing you need is someone turning it into a personal gripefest. Negative or "toxic" people who complain or point the finger are one of the chief reasons employees can't…
Employees with wages exceeding $145,000 in 2023 may hesitate to make catch-up contributions next year. They'll be impacted by tax changes, as will employers. To complicate matters, there are still many unanswered questions about the tax changes, which the Secure…
Your finance staffers watch for duplicates and other payment slip-ups all year long. But why should they be especially cautious this month? July represents the peak time of year in terms of invoices processed, according to research from Concur. And it was during July…
Because your A/P staff is so good at keeping important bills paid, it unfortunately makes them a prime target for payment fraud email campaigns. Official-looking notices can arrive in their inboxes warning that you’re about to lose customers because your…
Heads up: Inflation and bank failures are spurring more companies to put their cash where's it safer and can grow. The Association for Financial Professionals (AFP) reports that companies' cash and short-term allocations toward bank deposits dropped in recent weeks…
Companies' ability to restrict an exiting employee's job opportunities is in danger. A federal rule is already in the works to eliminate noncompete clauses in workers' contracts. And there's pressure growing from states to end the practice. Case in point:…
Finally, you've completed the acquisition. As you move forward, don't forget about this potential vulnerability: employees' personally identifiable information. Otherwise, you may run into legal trouble. Here's what happened to one employer: After the acquisition After it acquired a company,…
Unclaimed property reporting can easily trip businesses up, landing them in the audit crosshairs of state governments and possibly leading to penalties and interest. In addition to all 50 states, Washington D.C., Puerto Rico, Guam and the U.S. Virgin Islands…
More and more businesses are relying on email over phone calls to collect from past-due accounts. Email is faster and more direct than trying to connect with a late payer on the phone. Of course, people can ignore a collections…
