IRS has announced that interest rates will rise for the fourth quarter of 2022 – a decision that should come as no surprise based on the current state of the economy. Per the agency, the rates will increase for both…
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P-cards are a cost-effective and streamlined method for making payments. But if you don't set adequate rules for procurement staffers, they open the door to misuse, waste and fraud. IRS learned that the hard way. Back in 2013, a Treasury…
As COVID restrictions continue to ease, business travel is increasing. Unfortunately, it’s also being impacted by the current economic climate – and you should expect prices to keep rising for the remainder of the year and the beginning of 2023.…
Energy use consumes between 30% and 35% of the average commercial facility operating budget. When you factor in fluctuating oil and natural gas prices, that percentage can change. Reducing usage can help. But some companies create new problems when they slash energy…
The types of compensation that need to be included in employees' regular rates of pay for overtime purposes can trip up Payroll pros and potentially draw scrutiny from the Department of Labor's (DOL) Wage and Hour Division. A DOL investigation…
All-in-one payment solutions can revolutionize A/P and A/R departments. But many of your peers are still wary of these time-saving solutions, especially smaller B2B firms you may work with on a regular basis. The benefits outweigh the drawbacks in many…
The Inflation Reduction Act aka "Build Back Better Lite" looks like a done deal. The $740 billion package is chock full of tax hikes for some and tax breaks and credits for others. Passed along purely partisan lines 51-50, Democrats…
Mergers and acquisitions (M&A) and improving sustainability are the first areas your peers are looking at when it comes to cost control cuts, according to a recent Gartner survey of CFOs and CEOs. In a press release, Randeep Rathindran, vice…
Finance could be seeing some changes when filing the next EEO-1 pay data report, thanks to new recommendations from a study by the National Academies of Sciences, Engineering, and Medicine. The academies studied the EEO-1 report to see if the…
Sparked in part by high fuel and food prices, the rising cost of living is a global problem that's expected to hit the women in your workplace the hardest, according to the World Economic Forum's 2022 Gender Gap Report. Cost…
More and more employers are getting on board with using Nacha’s Same Day ACH ever since the agency increased the dollar limit to $1 million in March 2022. During Q2 of 2022, the ACH network processed a whopping 7.5 billion…
If any of your A/P staffers work a hybrid schedule, email is an important tool for invoice processing. Your payables department may also be relying a lot more on e-mail to onboard vendors and approve supplier payments. But relying on…
