The impact of continuing business disruptions related to COVID, the war in Ukraine and inflation have demonstrated that traditional budgeting and forecasting processes that can’t handle rapid changes are actually harmful to the bottom line. According to the experts at…
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Inefficient manual processes are getting to your A/P team, especially when they’re working with invoices. The current state of affairs is leading to burnout that, if left unaddressed, could increase turnover at your company. Over three-quarters of A/P staff said…
Valuable tax credits from the IRS could be an untapped boost to your bottom line. With today's tight labor market, the Service reminded short-staffed organizations in a recent press release, about the Work Opportunity Tax Credit (WOTC). To take advantage…
An Americans with Disabilities Act (ADA) court case can be a costly nightmare for employers. An emerging problem that's making it difficult to stay ADA-compliant is the algorithms and artificial intelligence (AI) companies like yours use to efficiently make hiring…
Your staff members who have caregiver obligations to a family member, or someone with a disability, technically aren’t a protected class under federal law. However, a technical assistance document issued by the U.S. Equal Employment Opportunity Commission (EEOC), “The COVID-19…
Hurricane season’s drawing near, and IRS is reminding businesses that they need to have natural disaster preparedness protocols in place for their key financial records and assets should the worst happen. Besides hurricanes, several other natural disasters impacted companies last…
Heads up Finance leaders! The IRS announced on its website that Form 8879-C - the E-file Signature Authorization for Form 1120, the U.S. Corporation tax form - is now "historical." What this means: "The 2021 revision is the last revision…
Surging inflation is impacting the benefits you may offer employees in 2023, including health savings accounts (HSAs). In Rev. Procedure 2022-24, IRS adjusted next year's thresholds for HSAs and high-deductible health plans (HDHPs). And because the updated amounts are so…
Did you know your company could be losing 10% to 20% of its savings due to maverick spending? That's according to a study by fintech software provider Basware and The Hackett Group. A report by B2B software developer Order says…
More than two out of three CIOs (67%) say they have an IT skills gap. That means they lack the knowledgeable tech talent to keep pace with the changes necessary for implementing digital transformation projects. If that finding from the…
Fringe benefits can be tricky when tax time comes around. Keeping complete records helps you avoid legal hassles. Here's a recent case where an employer's excellent recordkeeping and reporting kept it out of trouble with the Service. After United Airlines…
Could the next step in the future of work be a four-day workweek instead of hybrid telework? Some employers have had positive results with the experiment. For example, social media company Buffer reported at the end of last year that…
