Since about 80% of all your company's transactions go through A/P, if a totally paperless A/P department is one of your goals for 2023, robust controls to prevent waste and misuse of company funds will be essential. That's because according…
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The IRS is warning small businesses once again - cybercriminals are seeking your companies' financial information any way they can. Often it's by targeting the "weak link" in your organization who opens an email despite being trained over and over…
Rising interest rates across the board have been a fact of life lately. Therefore, it should be no surprise that the Service announced more interest rate bumps for Q1 2023 in Rev. Ruling 2022-23. Effective January 1, 2023, the new…
You've had a choice about whether to use the redesigned Form W-4P and new Form W-4R during 2022, but the withholding forms won't be optional much longer. The draft version of Publication 15-T, Federal Income Tax Withholding Methods, states that…
The predicted "red wave" for the midterm elections didn't pan out. But the Republican-majority House can derail some of President Biden's initiatives. One of them is the ever-expanding Environmental, Social and Governance (ESG) movement and specifically a proposed Securities Exchange…
Cybersecurity - protecting sensitive corporate and customer data from falling into the hands of criminals - is vital to your organization's success. Lately the feds have been cracking down on disruptive ransomware thieves and info sellers on the dark web,…
Catching investment and retirement fund fraudsters is a never-ending job. So here's some good news: Enforcement by the feds is on the upswing, with more wrongdoers going to jail and victims being compensated for their losses. Enforcement by the the…
Thanks to a final rule issued November 22 by the U.S. Department of Labor (DOL), ESG retirement investment restrictions put in place back in 2020 by the Trump administration are being lifted. ESG stands for environmental, social and governance. Because…
Collections and accounts receivable professionals will develop more confidence in their abilities and rank ahead of their peers by following the ASK method. What's the ASK method? It stands for Attitude, Speed and Knowledge. And it's a tried-and-true strategy that…
Some of the workers that quit during the Great Resignation may be trying to become boomerang employees - meaning they're turning around and coming back after realizing the grass wasn't greener on the other side. More than one out of…
Your Payroll pros may be distracted this year-end because IRS still hasn't committed to dropping the mandatory threshold for e-filing information returns in 2023, there's a new e-filing option for 1099s being rolled out in January, and Forms W-2, 1099…
If you can uncover and correct any mistakes before you run Forms W-2 for Tax Year 2022, you'll save yourself some time. Plus, employees will thank you (well, maybe not, but at least you can head off some complaints). Best…
