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Learn MoreNeed to fix issues with your employee retirement plan? IRS just updated its procedures on retirement plan corrections. The changes to the Employee Plans Compliance Resolution System (EPCRS) get spelled out in Revenue Procedure 2021-30. Staying in compliance So your…
UPDATE: Your company was just given two more months to submit and certify your EEO-1 reports. The Equal Employment Opportunity Commission (EEOC) has extended the deadline yet again. Reports for 2019 and 2020 are now due Monday, Oct. 25. The…
Your company can now exclude certain things from gross receipts when determining if you're eligible to claim the Employee Retention Credit (ERC). IRS Revenue Procedure 2021-33 spells out a new safe harbor for employers. Here’s the scoop. What will earn…
Though it’s been three years since states gained the ability to tax online sales, some are still toying with their economic nexus thresholds. The latest state to do so: Maine. As of now, remote sellers must collect sales tax if…
UPDATE: You’ve just been given more time to keep your coronavirus leave donation program running. IRS extended the allowance of donations of vacation, sick or personal leave through a leave-based donation program through the end of 2021 in IRS Notice…
Time to take a new step to ensure employees remain retirement ready, courtesy of a new federal 401(k) disclosure rule. And to help, the Department of Labor (DOL) just released new FAQs that spell out the timing of its execution,…
Tell your finance team to get ready! Companies of all sizes will have to prepare for a lower e-filing threshold. IRS recently proposed regulations to change the rules for filing information returns, effective as soon as this year-end. Right now,…
There’s new information available for your finance team about the forthcoming 1099 platform for preparing and filing returns. The Electronic Tax Administration Advisory Committee (ETAAC) recently released a new report on how the Service can improve its practices. And in…
Is your company having a hard time finding the right people to fill job openings? If so, know that you’re not the only one with hiring struggles. Almost half (46%) of small businesses are having difficulty filling jobs, according to…
Every company is vulnerable to internet fraud, no matter where they're located. But the ones in these six states took the largest financial hit last year. The following states all reported losses totaling between $99 million and $199 million last…
Have an Automated Clearinghouse payment dispute? Then your company will have to act fast. Nacha has a new rule that limits the timeframe a Receiving Depository Financial Institution (RDFI) can make a claim against the originating institution’s authorization warranty. And…
Regardless of how much the FinTech world criticizes manual spreadsheets, they’re still a reality for the majority of finance teams. Almost two-thirds (64%) of companies still use spreadsheets in some way to support their payment processes, according to a recent…
Resourceful Finance Pro, part of the Rover Insights 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.
