There are a lot of differing opinions about the economy right now because the indicators contradict each other. For example, inflation keeps reaching all-time highs, yet consumer spending is strong. Also, the GDP declined two consecutive quarters (but increased 0.6%…
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Ever wonder how strong your time-management skills are? Read these statements and grade yourself on a 1-5 scale, with a 1 meaning never and a 5 meaning all the time, and add them up once you’re finished. Prioritizing tasks. Throughout the…
Your A/P staffers are well aware of the ways state revenue departments make life complicated with their ever-changing sales & use tax laws. Seasoned A/P pros are typically able to follow the logic behind some of the unusual sales &…
Twelve years after Dodd-Frank became the law of the land, the feds are finalizing "clawback" rules that address recovery of erroneously awarded compensation. The Securities and Exchange Commission (SEC) is mandating that "national securities exchanges establish listing standards that would…
A top priority for your Payroll and A/P teams at the start of 2023 will be processing 1099 forms and getting them into the hands of vendors by the January 31 deadline (the deadline's Feb. 15, 2023 for Form 1099-MISCs…
Some employers will owe more FUTA tax than expected when it's time to send Form 940 to IRS and make tax deposits for the fourth quarter of 2022. As always at year-end, it'll be important to know the states where…
One underappreciated advantage for attracting talent and minimizing costs is setting up shop in a business-friendly state. Higher-than-average tax rates, whether it's for property, individual income, sales, corporate income or unemployment, take a big bite out of profits. With no…
Whether your year-end closing is this quarter or still months away, your Finance team needs a strategy for keeping stress low and productivity high while generating those annual balance sheets, profit and loss statements and cash flow statements in case…
Good news: The feds are liable to scale back an accounting standard for commercial building leases that some business owners say may put them at a financial disadvantage with their competitors. The Financial Accounting Standards Board (FASB) may revise requirements…
Many of your peers are still struggling with employee retention as the Great Resignation batters the bottom line with recruiting costs, training costs and lost productivity. Back in September 2021, 4.4 million workers left their jobs, and a year later…
Many companies will be tightening their belts over the next few months. Pay raises and bonuses could be put on hold. If the experts are right, mass layoffs are right around the corner and a recession will hit a wide…
Until now, there haven't been any specific accounting rules for cryptocurrency assets you may have. After all, crypto economics can be volatile. The price of bitcoin fell from $47,816 in January to $19,557 this month, according to YCharts. After putting…
