Give Payroll the heads up: There's a chance the unemployment tax rate could change. Here's why. States that had outstanding federal unemployment trust fund account loan balances as of Jan. 1, 2021, and Jan. 1, 2022, are at risk of…
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For a while, vendor portals were great because A/R staffers didn't have to spend so much time on the phone with your customers' A/P departments to check the status of invoices or track a purchase order. However, over time your…
An ongoing battle for your peers continues to be setting salary budgets and whether the cost of living or cost of labor should be considered in their compensation philosophy and strategy. When COVID lockdowns made remote work mandatory, firms –…
Fraud is continuing to impact organizations. Both internal and external fraud schemes are becoming more costly, hurting companies’ bottom lines and reputations. The cost of fraud investigations is also increasing. Most global organizations surveyed for the latest Kroll Global Fraud…
ACH payments continue to be a popular choice with your peers for electronic payments, and traffic continues to increase on the ACH network. The ongoing COVID-19 pandemic has been one of the major drivers for increasing ACH activity. Over two-thirds…
Many of your peers at publicly traded companies are mulling over best practices for reporting purchases of climate-friendly credits to build their environmental, social and governance (ESG) portfolio. If the proposed Securities and Exchange Commission's (SEC) ESG disclosure requirements become…
Beginning with the 2022 benefit plan year, there are some changes your Benefits people need to be aware of for filing Form 5500, Annual Return/Report of Employee Benefit Plan, and Form 5500–SF, Short Form Annual Return/Report of Small Employee Benefit…
It isn't just your Finance department that's feeling the urge to get more digital. There's also a new wave of banking industry digital transformation that's gaining momentum. Valuable new technologies and digital services may soon be adopted by more financial…
You may want to remind your supervisors how important it is to be compliant with the Family and Medical Leave Act (FMLA) when dealing with absent employees. Two companies recently received an expensive reminder of this from the Dept. of…
Heads up: IRS has announced that interest rates will rise yet again in the third quarter of the year. The new rates are listed in Rev. Ruling 2022-11. Effective July 1, 2022, the new interest rates will be: 4% for…
Because of how sophisticated cybercriminals have become, to protect your company's money and data, it may be wise to make risk assessments of your vendors' security protocols. This is especially true for new business relationships you may have entered because…
If your company has been thinking about creating a leave donation program to help the victims of Russia's invasion of Ukraine, the IRS has just approved it. In Notice 2022-28, the IRS issued guidelines for employers wishing to adopt a…
