Auto enrollment in retirement plans would be required under new legislation. The Securing a Strong Retirement Act of 2022 passed the House on March 29, 2022. The Senate has the legislation now. As currently written, HR 2954 allows employees to…
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Heads up: You may need to update certain Forms I-9 by July 31, 2022. Specifically, some employees at your company may have presented expired List B acceptable documents. The dates in question? Between May 1, 2020, and April 30, 2022.…
Business travel in 2022 started off slow due to the Omicron variant, but it’s starting to pick up again. And due to the current economy, travel costs are expected to rise – especially as the weather warms and travelers of…
Heads up! A recession may be closer than you think. Here’s why: The yield curve is flattening right now. As of March 14, 2022, the difference between short-term bond rates (e.g., the two-year Treasury) and long-term bond yields (e.g., the…
Improper claims of business tax credits has made IRS's list of “Dirty Dozen” scams for several years now, including last year. So, don't forget to dot your i’s and cross your t’s on this one. A research and development (R&D)…
When can a $6.99 plastic bucket cost a company thousands in legal fees? When an employee uses that bucket as a step ladder … then gets hurt on the job. That’s just what happened to one of your peers. A…
Employers waited for IRS to release final regs reducing the electronic filing threshold from 250 to 10 returns for TY 2021. But that never happened. No regs. No explanations. Now, in the recently released 2022 W-2 and 1099 instructions, IRS…
More and more frequently CFOs are becoming CAOs. And we don’t mean Chief Accounting Officers … we mean Chief Agility Officers. The prime example? Forecasting. Today a full 25% of your peers update their company’s forecasts on a weekly basis.…
You and your team are numbers people, so it’s pretty obvious when the amount of a payment doesn’t match what you’ve billed. Enter the payment variance. Some can be resolved in a few seconds (when it’s a simple math mistake);…
Quick: What would you say is the biggest threat that could derail your business in the coming months? Unfortunately there are no shortage of them – if you ask your fellow finance pros. The Association for Financial Professionals’ (AFP) 2021…
To keep your hiring process from draining your budget, it’s important to work closely with HR to retain and recruit talent cost effectively. But since most HR pros aren’t numbers people, they might not know what areas to review with…
Expense report automation solutions on the market can free up your finance staffers by eliminating inefficient manual/Excel procedures that they may be using to process employee expenses. Automation solutions with optical character recognition technology can even eliminate the need for…
