On July 20, the Federal Reserve announced the FedNow Service, a 24/7/365, instant payments system, is officially live. Touted as the biggest upgrade to the U.S. payments system in 50 years, FedNow looks like it's going to be more than…
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IRS has updated Form 5300, and that's good news for sponsors of retirement plans wanting to ensure their plans' tax benefits. First, in Revenue Procedure 2022-40, released in November 2022, IRS expanded its determination letter program. Prior to that, only…
Congress created the Securities and Exchange Commission (SEC) to protect investors from market manipulation following the 1929 stock market crash. And for decades, the SEC focused on enforcing securities laws and punishing wrongdoers. Fast forward to today: Republicans in Congress…
Corporate bankruptcy rates are at Great Recession levels last seen in 2009-10. The worse news? The year's only a little more than half over. CEOs, CFOs, credit departments and Sales team members need to be aware of the higher risks…
"It's not right, but it is a reality. ... You don't get a lot of budget attached to (vendor setup and maintenance training and tools in A/P)," said consultant, speaker and trainer Debra Richardson, APM, APPM, CPRS. Richardson is a…
If employees' Family and Medical Leave Act (FMLA) entitlements are impermissibly reduced, your company may face legal consequences. But when someone takes intermittent or reduced-schedule FMLA leave, it's tricky for staffers to accurately calculate how much of the 12 weeks…
The collapse of Silicon Valley Bank (SVB) earlier this year could bring major changes to capital requirements for large banks. Federal Reserve vice chairman for supervision Michael Barr put the banking industry on notice during a speech to the Bipartisan…
The last few months of weather's taken a toll on homes and businesses in many parts of the country. To lighten the load a bit, the IRS granted tax-filing extensions for counties in states like California and Florida. Taxpayers in…
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).…
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…
