Recent settlements with companies like yours due to issues related to employee pay can remind your Payroll pros to continue to be cautious. Here are three recent fines from the Dept. of Labor (DOL) regarding specific situations that could trip…
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Being able to make and receive B2B cross-border payments is essential for growing e-commerce, capturing new markets and facilitating long-term growth for your business. But cross-border payments are complicated. One of the biggest headaches is the long transaction times due…
Accounts payable fraud happens at companies of all types and sizes, so it’s important to put checks and balances in place to avoid these issues. One small company learned that the hard way. After the company’s co-owner died, its comptroller…
To ensure your firm can continue electronically filing information returns, such as Form 1099-MISC, via the IRS Filing Information Returns Electronically (FIRE) system, there's some actions your Finance team needs to take in the months ahead. Beginning this September, all…
Business email compromise scams are still a costly force to be reckoned with. And your Finance team can't afford to let its guard down. For example, First Citizens Community Bank, which has locations in Delaware, New York and Pennsylvania, recently…
You’ll need to keep brainstorming with HR about how to avoid the high costs of turnover at your company, since a new survey from Robert Half shows the Great Resignation isn’t showing signs of slowing down anytime soon. Over 40%…
No matter the size of your business, it's worth taking note of the strategic moves that small businesses have made to adapt, innovate and survive since the pandemic, and considering if they're also right for you. A recent survey by…
Be aware: IRS is starting to send letters to companies asking them to self-examine their retirement plans before selecting them for an audit. The agency’s Employee Plans department recently announced a compliance pilot program beginning in June 2022. Plan sponsors…
The highest inflation rate in over 40 years combined with a competitive job market may have your firm feeling pressure to increase wages for your employees. According to a U.S. Compensation Planning Survey from asset management firm Mercer, more than…
Fair scheduling laws are the latest trend employers need to be aware of to stay compliant and avoid big payouts and expensive legal battles. In response to unpredictable schedules for workers in a variety of industries, including food service, retail…
Give your Payroll team the heads up: There's a new spear phishing scam email making the rounds that's attempting to steal their account credentials by trying to convince them to access a fake version of IRS e-Services. When cybercrooks steal…
As employees return to the office, you may need to update the various federal labor law posters you have to conspicuously display in the workplace. By law, employers must update these posters regularly so employees can see them and know…
