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          Finally! The trick to securing greater T&E compliance
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          Collecting via email: 4 must-make moves in your subject line
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          5 Tough-to-spot signs that an invoice is fake
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          120 Proven Communications Tips for Today’s CFO
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          Handling Nonexempt Employee Pay: Stay Compliant and Avoid DOL Audits
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          T&E Best Practices: Complete Guide to Ensure Compliance
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          Payroll Best Practices: 4 Ways to Save Time and Money
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Payroll

Tax credit not allowed: Here’s what court said company did wrong

One business that claimed a research tax credit ended up with a tax penalty instead. The company fought back in court, but the situation didn’t end well. The shipbuilding company had claimed the tax credit, found in Internal Revenue Code Sec. 41, for its research activity. The activity was building 11 vessels. The primary question […]

by Jennifer Weiss
March 10, 2023

Should daily-rate worker who earned over $200K have been paid overtime? SCOTUS says …

The U.S. Supreme Court has reached a decision in the case of a highly compensated employee who sued his employer for unpaid overtime. In Helix Energy Solutions Group Inc. v. Hewitt, the court said that although the employee earned more than $200K per year, that didn’t necessarily mean he was exempt from the overtime requirements […]

by Jennifer Weiss
March 3, 2023

Reduced schedule FMLA leave: Correct calculation of available hours per year?

For employees on reduced schedule FMLA leave, 12 workweeks will get converted into days, hours or minutes. But that can trip up employers, new guidance shows. The Department of Labor (DOL) just released an opinion letter focused on reduced schedule leave. It’s worth noting this is the first opinion letter employers have seen on the […]

by Jennifer Weiss
February 24, 2023

What do these 2 laws mean for employees working remotely? Guidance explains

Finance pros with lingering compliance concerns about employees working remotely will find insight, albeit limited, in new guidance. In Field Assistance Bulletin 2023-1, the Department of Labor (DOL) discussed the implications of two laws for employers with teleworkers. The laws are the: Here’s what the guidance, released on February 9, 2023, said: Break times under […]

by Jennifer Weiss
February 17, 2023

Retirement plans: Secure 2.0 Act changes requirements for notices, statements

Among the many provisions of the Secure 2.0 Act, several deal with the paperwork responsibilities that fall on retirement plans. The Secure 2.0 Act, which became law on December 29, 2022, amends some sections of the Employee Retirement Income Security Act (ERISA) that deal with notices and statements. Let’s take a closer look at two […]

by Jennifer Weiss
February 10, 2023

Spring B notice season’s coming: Stop problems, penalties before they start

In March and April, some of your peers will receive CP2100/CP2100A notices from IRS that will require them to mail out B notices notifying vendors and contractors that they need to update their Form W-9, or else payments will be noticeably smaller due to 24% backup withholding. Right now your A/P team is collectively holding […]

by Brian Bingaman
February 10, 2023
Key is to monitor vendor TIN, name accuracy

Thinking about switching to earned wage access? You may want to offer pay cards as well

Earned wage access, also known as on-demand pay, is being leveraged by your peers as a key recruitment and retention tool for workers who may be strapped for cash right now because of the high prices of gas, energy bills and groceries. In a Zoom interview, Scot Parnell, CFO of DailyPay, estimated that 37% of […]

by Brian Bingaman
February 6, 2023

Costlier penalties in 2023 for violations of these 5 workplace laws

High inflation continues to impact businesses. One of the latest examples? Costlier penalties for breaking workplace laws. Several federal agencies released final rules, announcing increased amounts for 2023. Here’s a brief rundown of five of the workplace laws included in these final rules: Law #1: ERISA If your retirement or health plan is subject to […]

by Jennifer Weiss
February 3, 2023

Avoid penalties: Electronic workplace posters belong in the ‘break room,’ not the ‘custodial closet’

It’ll cost more in 2023 if you don’t display the required workplace posters. To complicate matters, electronic postings may be allowed, or even required. Back before the rise of remote and hybrid workforces, the Department of Labor (DOL) released guidance on electronic postings. That was Field Assistance Bulletin 2019-3. Making a digital poster available in […]

by Jennifer Weiss
January 30, 2023

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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.

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