The Census Bureau requires businesses to complete the Economic Census to report on years ending in 2 and 7. With that in mind, watch out for this deadline: March 15, 2023. The survey is one way to measure the economy…
News
One trait of good leaders is they instinctively teach and train people so that eventually they're ready to take positions of leadership themselves. While you probably aren't trying to groom your successor, you might have someone in mind for a…
The start of the new year looks a lot like what we saw over 2022: Businesses are struggling to pay their bills. Late payments are higher than normal and it's creating a challenge for Accounts Receivable and credit departments everywhere.…
In 2022 about a dozen states put law changes - some at the constitutional level - directly into the hands of the voters on Election Day. Here are some of the major measures that passed that may require you to…
As Finance pros know, self-insured group health plans may be more cost-effective than fully insured plans – more financially risky, too. Whether you already sponsor such a plan or are weighing pros and cons, you should know IRS has released…
The Federal Trade Commission (FTC) is proposing to ban noncompete clauses in employment contracts, long used by companies to prevent highly-valued employees from quitting and joining a competing firm. Bottom line: While it's great news for talented professionals with options…
Some of your people may be excellent at problem solving. But even those team members can occasionally run into problems that seem so complex and overwhelming that they get stuck because they're unsure about where to begin. That’s when it’s…
CEOs, CFOs and departmental managers all get used to fielding "urgent" email and text message requests. If you're like most finance pros, your inbox is at its fullest on Mondays with flagged and exclamation-marked messages needing your attention. (And the…
The Financial Accounting Standards Board (FASB) is requiring public companies to disclose expense details involving employee compensation, depreciation of "property, plant and equipment," amortization of intangible assets, and costs capitalized to inventory in their income statements. While it may make…
Almost every company faces this scenario at some point: A small to midsize business customer is late making payment for a product or service. Phone calls, emails and letters to the client reminding it of the debt and the terms…
Paying employees by direct deposit is convenient for all involved. But a recent court case is a reminder that funds could end up in cybercrooks' bank accounts. Cybercriminals will seek out any point of weakness. So, continually safeguarding systems and…
Although Congress isn't famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of the Consolidated Appropriations Act of 2023) to get it signed into law. The intent is to make it more…
