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…
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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…
Securing an unpaid debt is challenging enough. The last thing any company wants to do is undermine its efforts by forgetting to cover all the necessary legal bases. A simple one to avoid? The so-called "mini-Miranda" warning required under the…
It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing…
Your A/P staffers are experts at managing your organization's payments. However, their work also makes the company vulnerable to business email compromise attacks, which are getting harder to detect. In fact, there were nearly 20,000 reported incidents of business email…
The coronavirus pandemic reinforced lessons that experienced CFOs knew but might have taken for granted. For example: You're better off not relying too heavily on one vendor for critical company needs. You never know when a vendor may be in…
