2023 promises to be a very challenging year for Accounts Receivable departments. The word from many in the A/R and credit & collections arena is that customers are stretching payments as far as possible, and past-dues are surging. Inflation and…
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The Department of Labor (DOL) has been planning for over a year to revise its overtime exemption regs, with May as its latest deadline. So is the rule imminent? We'd all like to know. After all, if the salary threshold…
Nobody really wants to dock an employee's pay. But sometimes, it's the only step you can take for the sake of your company's bottom line - and in many cases, the person's continued employment. When it comes to docking an…
The worst of the COVID-19 shutdown measures and George Floyd riots peaked less than three years ago. But the effects continue to rattle state governments. Traditionally blue states are losing taxpaying residents and red states are welcoming them in. Democrat…
IRS is extending tax relief to businesses in Broward County, FL affected by the tornadoes, severe storms and flooding from April 12-14. Federal tax filings and tax payments originally due starting April 12, 2023, have been postponed until August 15,…
Elon Musk told an interviewer last week we're in a recession. A second big bank just bit the dust. Mass layoffs continue in certain sectors. There's a lot to be worried about ... unless you're the average small business that's…
Seven months after its release, ChatGPT is being touted as a replacement for a range of occupations. Artificial Intelligence (AI) tools like ChatGPT (technically a Beta rollout) are being tested against humans in areas like accounting and early results are…
You can't just sit on forfeited retirement plan funds. But what options do you have? IRS has proposed regulations that'll provide clarity for employers. It's a common situation: A business makes employer contributions to a retirement plan it sponsors, but…
The last thing any CFO looks forward to is laying off employees, but it's an unfortunate reality for many folks in finance these days. Protecting the company is always priority No. 1 and often that involves letting go of people.…
Can automated payment systems be guilty of discriminating against certain groups of people? The federal government says yes, they absolutely can - and the feds plan to fine and possibly prosecute companies that rely on automated systems to do business.…
If you're lucky, the only kind of employee theft you'll have to worry about at your company is parents swiping office supplies for their kids to save a few bucks of their own. Or maybe a cheapskate employee who helps…
The more things change, the more they stay the same! The youngest generation of workers entering the workforce isn't earning high marks from the older generations, to put it mildly. Generation Z aka the Zoomers are the "most challenging" age…
