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,…
Accounts Payable
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…
Over the years, your Payroll team has quickly adjusted to an earlier filing deadline for Forms W-2. Because of that, the IRS may decide to change the deadline for submitting other key Finance forms. In a recent report, the Electronic…
Finally! The last state holding out on economic nexus regulations for remote sellers and marketplace facilitators has pulled the trigger. As we mentioned recently, Missouri was the only state with state-level sales tax that didn't yet have sales tax collection…
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…
When your finance team thinks “sales tax audit,” they probably think “big headache.” But a reverse audit could spur a different result. As CFOs know, a reverse audit aims to identify and recover tax overpayments that have either been remitted…
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…
One of the best ways to measure your A/P team’s success is to look at benchmarks and see how your operations compare to your peers’. And you can do just that by reviewing and sharing the latest annual numbers, outlined…
The Automated Clearing House (ACH) Network is soaring to new heights, so there’s never been a better time to ramp up ACH adoption and usage. In fact, the network set two new records in the first quarter of 2021: In…
Finance pros see every day how complicated sales tax management is getting. It can feel like a whole separate job sometimes. But not every company is fortunate enough to have dedicated sales tax experts on staff or a full tax…
No matter how efficient your A/R and A/P teams are, payment disputes will likely come up from time to time. As you know, these disputes can be time-consuming, labor-intensive and costly for your teams. What’s more, they can result in…
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…
