What's contained in the federal budget proposal for FY 2024? For one thing, certain businesses would pay a higher income tax rate under the plan. In fact, the rate would jump from 21% to 28% for C corporations. The Treasury…
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A cyber attack that puts customers' personal and financial data at risk is bad enough to deal with. The last thing a company facing this situation wants to do is make a bad situation even worse. Like jumping the gun…
Imagine getting a Notice of Final Determination from a state revenue department that said it wasn't going to recognize a use tax exemption that your organization was claiming, and that you owed $74,000 more than what you thought you were…
Holding managers and staffers accountable for the work they do is a day-in, day-out job. Leaders in any organization may be tempted to let some folks off the hook for a minor mistake or communication breakdown sometimes. But letting an…
Companies are declaring bankruptcy at a rate not seen since the 2010 recession. And it's bad news for credit and accounts receivables departments attempting to collect debts. Compared to a year ago, total commercial bankruptcy filings increased 12% year-over-year in…
"Cash is king" is drilled into finance professionals' heads from their first day on the job! And there's a great reason for that - companies that can tap into an optimal amount of cash at the end of every month…
The FDIC takeover of Santa Clara, CA-based Silicon Valley Bank (SVB), which news reports described as the worst bank failure since 2008 and the second worst in U.S. history, had quite a few of your peers weighing in about it…
One business that claimed a research tax credit ended up with a tax penalty instead. The company fought back in court, but the situation didn't end well. The shipbuilding company had claimed the tax credit, found in Internal Revenue Code…
Asking for staffers' input helps increase morale and boosts teamwork. It also leads to great ideas that help companies make and save money. Not all supervisors remember this on a regular basis. It's easy to get tunnel vision and focus…
Increasingly clever cybercriminals are out to take your company’s money. They’d even stoop so low as hacking you with a purchase order that looks real. For example, emails with an attachment disguised as a purchase order can contain links to…
B2B credit departments are steadily embracing new technology and automation. But one area where companies are steadfastly sticking to the past is new credit applications. More than half of credit professionals report 25% or less of their credit applications are…
The U.S. Supreme Court has reached a decision in the case of a highly compensated employee who sued his employer for unpaid overtime. In Helix Energy Solutions Group Inc. v. Hewitt, the court said that although the employee earned more…
