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Learn MoreEmployers 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…
Employers with 2021 dependent care flexible spending accounts have several changes to contend with. The American Rescue Plan Act just raised the annual limits for pretax contributions for 2021. (Note: This applies to the calendar year.) The 2021 dependent care…
Are you and your finance team still wondering exactly what to expect for business travel recovery during the rest of 2021 and beyond? There’s new insight: The Global Business Travel Association (GBTA) published its twelfth annual BTI Outlook. It includes…
Your company's retirement plan poses serious cybersecurity risks. So says the Government Accountability Office (GAO). It just released a new report on defined contribution plans. First, think of all the sensitive info needed for a 401(k). Then that data travels…
If your finance team ever handles 1099-G forms, it should be wary of a new scheme involving that specific information return. A press release from the U.S. Department of Justice’s National Unemployment Insurance Fraud Task Force (NUIFTF) explained that it's…
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.
