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…
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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…
Having employees complete Forms W-4 electronically can be a convenience to you, but be careful: IRS has issued strict guidance, and it's recently been expanded. Employers don't have a "license" to simplify or modify electronic substitutes to paper W-4s, IRS…
Love him or loathe him, Elon Musk is dominating the business news cycle. When you're rich enough to drop $44 billion on a bloated tech company like Twitter, people pay attention to what you say or do. Musk and his…
Reminder: If you're like many businesses that took IRS up on the pandemic-related relief offer in 2020 to put off paying Social Security taxes, the last payment installment is due by December 31st. If you're experiencing deja vu, there's a…
Your A/P staffers have seen their share of outrageous business expense reimbursement requests from employees. But how do they compare to the “Craziest Expenses” for 2022 compiled by global expense management company Emburse? See if you can guess which business…
IRS has finalized the withholding tables Payroll will need in 2023. Whether you have old or new Forms W-4 on file for employees, you can get ready for next year. As you know, IRS did a major overhaul of the…
