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Learn MoreNothing holds up your finance department’s payment process quite like approvers who won’t verify invoices in a timely fashion. Staffers may feel like no matter how much they stress the importance or urgency of invoice approval, the message doesn’t sink…
As careful as your finance team is when filing 1099s, even tiny errors can lead to costly penalties from IRS and time-consuming corrections. Of course, 1099 penalties and corrections are something you never want to deal with in the first…
Once year-end responsibilities die down, your A/P department can finally focus on its agenda for the rest of the year. Two months in, 2021 is already unlike any other. Companies are still operating in the midst of a pandemic. And…
There's no rest in Finance! For some companies, the next few months bring important spring unclaimed property reporting deadlines. This time of year, things are already busy for your finance team as they handle other critical responsibilities, like year-end filing…
Good news for your finance team: The Service’s new online platform for filing 1099s is coming along nicely. As you know, the Taxpayer First Act calls for the development of a new online portal – similar to the SSA’s Business…
Pause and think about all the people at your company who could be targeted for a phishing scam – finance staffers, purchasers, executives. Now consider: Are you fully confident all those people know exactly what phishing is? Is it possible…
The current climate has called for a change in the way people do business – and that's largely impacted sales tax practices and regs for 2021. What tax trends and forecasts do your A/R and A/P teams need to know…
Here's a recent development on worker classification for CFOs: California now allows more drivers to be treated as independent contractors. That’s all thanks to Proposition 22, or the "App-Based Drivers as Contractors and Labor Policies Initiative.” It says app-based "network…
Good news: IRS has offered guidance on what employees can do regarding fringe benefits that weren’t used due to the coronavirus pandemic. In short, the world shut down last year. Office commutes ceased, business travel plans were canceled, and in-person…
Along with using advanced tech skills to infiltrate your company, many criminals also use basic psychology and familiarity with emotions in their phishing scams. Social engineering scams, like phishing emails, use manipulation and prey on people’s feelings. And criminals will…
The holidays have passed, year-end work is in full swing, and 1099 reporting deadlines for 2020 are right around the corner. Given the pandemic, this tax season likely feels and looks a lot different than year-ends past. And as CFO,…
How confident are you that your finance staff is accurately and timely filing Forms 1042-S? IRS has its eye on those information returns. Recently, the Treasury Inspector General for Tax Administration (TIGTA) released a performance audit, looking at the Service’s…
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.
