Get access to hundreds of financial resources as an RFP INSIDER
Learn MoreWas your company impacted by any of the recent storms or natural disasters in several states? IRS is offering you some tax relief. Most recently, the Service announced deadline extensions for companies in Tennessee. Those impacted by the storms, tornadoes…
If employees roll over money for dependent care expenses, Payroll won’t have to withhold taxes on it. That comes straight from the source in IRS Notice 2021-26. Dependent care benefits that would’ve been excluded from income if used during taxable…
Even years after South Dakota v. Wayfair gave states the power to tax online sales, some states are still working on adding regulations. For a while, Florida, Kansas and Missouri were the only three states with state-level sales tax that…
Employers looking to get a jumpstart on 2022 will want to take a look at the 2022 HSA limits just released by IRS. IRS Revenue Procedure 2021-25 sets the limits for high deductible health plans (HDHPs) and health savings accounts…
Employers just received additional penalty relief for your federal employment tax deposits reduced in anticipation of COVID-19-related tax credits. And it comes straight from IRS. That includes both deposits of withheld income taxes and employment taxes. Under IRS Notice 2021-24,…
To avoid insider breaches, it’s vital to make sure your people are being careful with how they relay information internally. The reason: Employee negligence or errors caused 62% of all insider data breaches last year, according to a recent report…
Companies are getting a small break! IRS is temporarily letting businesses take a 100% deduction on food and beverages from restaurants. As you know, your company can typically take a 50% deduction on meal and beverage costs, as long as:…
OSHA just levied one of its largest ever COVID-19-related fines: $136,000. The reason? The business wouldn’t let its employees wear masks. We're not talking about a massive business or even a healthcare facility. At any given time, each of Liberty…
Is your company looking to resume “normal” office life soon? To avoid costly retention issues, you may want to focus on flexibility. Almost 30% of remote workers said they'd quit if they weren't allowed to continue remote work, according to…
IRS Announcement 2021-7 allows for the reimbursement of masks and other types of personal protective equipment to protect against COVID-19. Employees can use any of the following for reimbursements: health flexible spending arrangements (health FSAs)Archer medical savings accounts (Archer MSAs)health…
There's a great enhancement coming for companies that take advantage of Same Day Automated Clearing House (ACH) and send or receive high-dollar payments. Nacha has approved a proposed rule to increase the Same Day ACH dollar limit to $1 million…
A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, can be…
Resourceful Finance Pro, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day's headlines, Resourceful Finance Pro delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.
