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…
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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…
It's a good bet we'll hear a lot about big companies laying off employees in the coming weeks. The latest example: Goldman Sachs just announced a purge of 3,200 employees. Yet there's more of a sense of calm - even…
Now that you have a feel for what positions at your firm should be hybrid, you might be considering giving employees the ultimate work schedule flexibility - the ability to autonomously choose the days and hours that they work. Many…
The Secure 2.0 Act became law just before the close of 2022, as part of the federal spending bill. Roll up your sleeves – the list of new retirement plan requirements and opportunities for businesses is lengthy. That's not surprising…
There's no need to panic if you or one of your staffers discover they've made mistakes with your company's 401(k) plan. No one is going to jail, and in almost every case you won't be paying a penalty, so long as…
Plenty of financial gurus lauded the Federal Reserve for hiking interest rates and its stated goal of ratcheting down inflation. After multiple hikes in 2022, the Fed intends to increase the target rate even further in 2023. How high? Seventeen…
