Many of your peers learned from the pandemic that a paperless A/P department can benefit every level of the organization, putting the focus on individual transactions instead of clusters of documents. But as consultant, author and former CFO Carl L.…
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Ever since the pandemic caused a shift to remote work, more employees value flexibility than ever before. And that’s caused some new productivity trends to take shape that you should know about. How flexibility affects employees' productivity To keep your…
IRS needs to make some significant improvements if it wants to boost businesses’ rates of e-filing. That’s according to the latest annual report from the Electronic Tax Administration Advisory Committee (ETAAC). Each year, ETACC makes recommendations to the Service for…
It might not just be IRS that comes knocking if you slack off on your payroll tax withholding. A recent court case indicates the U.S. Equal Employment Opportunity Commission (EEOC) can also come after employers for failing to pay their…
It’s up to A/P to double-check vendor contract terms to make sure everyone’s sticking to them, as well as to handle the renegotiation of contracts. In order to be able to easily access contract documents, and not waste time hunting…
Your Payroll pros could be seeing some big legislative changes down the road to reduce the Social Security shortfall – especially since certain measures have significant bipartisan support. In fact, both Republicans and Democrats are mostly in favor of altering…
Your peers are feeling less optimism about the economy as prices stay high this quarter, according to the latest results from The CFO Survey, a collaboration between the Federal Reserve banks in Richmond, VA, and Atlanta, and Duke University. In…
If employee feedback on their managers' performance seems wildly contradictory from one person to another, the problem might not be flawed data. For example, if some staffers say someone's a micromanager, while others say they need more guidance from that…
As the tax relief programs implemented by the American Rescue Plan Act continue to expire, it'll have an impact on your Form 941 reporting to IRS starting with the second quarter of 2022. IRS has released revised editions of: Form…
Will the A/P software suite you have in place be able to meet your company’s payment volume, compliance and security goals for this year and beyond? If you’re not sure, it may be time to huddle with IT and your…
The ongoing Great Resignation is proof that an update to your compensation strategy may be in order. In fact, a study by Mercer found a majority of employers (70%) are re-evaluating their compensation and benefits because of challenges with attracting…
PayPal is making some updates to its business accounts that your A/P and A/R teams need to know about if you’re using the service to make and receive electronic payments with vendors and customers. Here’s a rundown of the changes.…
