The IRS is sounding the alarm about the top 12 - aka the "dirty dozen" - tax scams that are tripping up businesses, tax professionals and individual taxpayers this spring. The dirty dozen changes every year as cybercriminals come up…
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Year after year, surveys show about half of all employees don't tap their allotted personal time off (PTO). While some companies allow for pushing a generous number of hours to the following year, foregoing time away isn't the best scenario…
With all the work your A/P department puts into issuing timely payments, it can be frustrating to find out there's unclaimed property floating around out there. Unclaimed property laws vary widely from state to state, and can be very confusing.…
The finance leaders of tomorrow are hot on the heels of today's CFOs and senior managers! So what else is new? "Seasoned" professionals are always under pressure to stay current and justify their positions and salaries in an increasingly competitive…
It's no surprise that a medical expense like a dental exam can be paid or reimbursed under an HSA, but what did IRS recently say about nutritional supplements? New guidance released March 17, 2023, sheds light on medical expenses related…
Companies know that clients prefer doing business with environmentally responsible partners. If a company is doing something to reduce plastic waste, save water or limit carbon emissions, it's good for the bottom line to publicize those efforts. Caveat: Claims of…
The Federal Reserve didn't back off on its promise to continue raising the prime rate to help drive down inflation. But it's a good bet that Fed chairman Jerome Powell and company might've preferred going higher than a quarter percentage…
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…
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…
