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…
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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…
A lot more contractors and businesses like yours that receive payments via CashApp, PayPal or Venmo have been bracing for getting a 2022 Form 1099-K for income received from business transactions over third-party payment networks. That's because the Form 1099-K…
Companies’ databases, customer info and bank accounts are never safe from malicious attackers. The most common way in for cybercriminals remains via email. Email scams are getting more sophisticated, to make matters worse. Some companies' employees are getting fooled by…
Remember those rosy employment figures the Bureau of Labor Statistics put out last year? More than a million jobs added during the second quarter of 2022, to be specific? Turns out the feds were off by a bit. And no,…
Accounts Receivable departments need to stay on their toes for scam artists and fraudsters. Plenty of companies' cash flows are squeezed tighter than ever these days. So the last thing you need is to accept and fill an order from…
