IRS would like you and your finance team to bump “Create more secure passwords” to the top of your priority list for 2020. The Taxman recently released new advice in honor of National Tax Security Awareness Week. And it has…
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Whether your finance department is ready or not, globalization is spreading and international payments are steadily increasing. In 2019, 83% of companies sent cross-border payments, according to a new report from Levvel Research. That’s a 10% increase from 2018. And…
You have another reason to hope the economy doesn't fall into a global recession: Turns out one in three banks wouldn’t survive such a downturn. The only way they'd make it? If they merged with another financial institution or massively…
Good news for companies that offer a high-deductible health plan (HDHP) and a health savings account (HSA) … and their employees. More preventive treatments and meds for chronic conditions will now be covered before employees satisfy their deductible. That's thanks…
FMLA leave costs your company enough when employees take it legitimately … then you catch an employee trying to scam you! Unfortunately it happens a lot, though probably not as dramatically as it all unfolded for one of your peers…
As budget time approaches, fewer of you will know what new hires pulled in at their old jobs in order to determine their new compensation. New Jersey is the latest state to remove the tricky question of what someone earned…
While it’s not a done deal yet, you’re likely going to get an extra year to get in compliance with the new lease accounting standard -- if you’re a private company. Last month FASB unanimously voted to push back the…
Your company will soon be able to take a new step to protect employees’ sensitive info at year-end - IRS just issued a final rule that lets employers voluntarily truncate employee Social Security numbers (SSNs) on W-2s. This isn’t the…
It’s been a long time coming, but the time has come for your company to begin reporting more detailed employee pay data to the feds. (more…)
You know all too well how poor tech security can lead to big financial loss. Whether you lead a department of five at a small biz or manage a team of fifty at a large corporation, security risks remain high,…
You’ve just been handed an alternative way to afford employee health insurance: Let them buy it themselves. (more…)
Tell your finance staff to be wary. IRS is zeroing in on 1099 and 1042-S compliance, meaning it’s now even more vital for them to get information returns correct. (more…)
