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…
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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.…
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…
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…
