The Supreme Court will be putting an end to the 39-year-old Chevron deference that’s been afforded to federal rulemaking agencies. The upshot? Agencies will have a much more difficult time enacting rules that impose substantial costs on an industry sector and (possibly) consumers. The high court will hear a case this fall involving fishing companies […]
Before the pandemic, controllers had the luxury of being able to stay focused on company accounting and financial reporting, and not much else. But that isn’t the case anymore – especially for controllers aspiring to advance into a CFO role, said Carl Young, a former CFO and CEO now helping out businesses as a consultant, […]
Elon Musk told an interviewer last week we’re in a recession. A second big bank just bit the dust. Mass layoffs continue in certain sectors. There’s a lot to be worried about … unless you’re the average small business that’s already battened down the hatches for a downturn. Believe it or not, 76% of small […]
Because of inflation and economic uncertainty, marketing spend is dropping back closer to pre-COVID levels, according to new data from The CMO Survey, a biannual poll conducted by the American Marketing Association, Deloitte and Duke University’s Fuqua School of Business. The 314 responses collected in March indicate that marketing expenditures make up an average of […]
If your revenue involves digital goods and services, you’ve noticed more states are expecting you to collect and remit sales tax on them. But sometimes the legal language regarding what’s taxable or nontaxable becomes a gray area and a judge has to step in to decide what it means. That’s what happened when a Washington […]
“Fifteen days to flatten the curve” is what politicians and health officials told us was needed in mid-March of 2020 at the start of COVID-19. More than three years later, the curve continues to point downward for owners and lessees of commercial real estate in big cities. Downtowns in major U.S. and Canadian cities are […]
COVID-19 sick/family leave and employee retention (ERC) tax credits may be in the rearview mirror, but thanks to IRS Form 941-X, Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund Form, it’s not too late to claim them. Before dismissing the idea that there might still be money left on the table from Q3 […]
With all the work your A/P department puts into issuing timely payments, it can be frustrating to find out there’s unclaimed property floating around out there. Unclaimed property laws vary widely from state to state, and can be very confusing. Yet compliance is crucial since issues with reports can lead to fines. Congratulations if you […]
Companies know that clients prefer doing business with environmentally responsible partners. If a company is doing something to reduce plastic waste, save water or limit carbon emissions, it’s good for the bottom line to publicize those efforts. Caveat: Claims of being “green” or “100% recyclable” can backfire – badly. Environmental groups and the Federal Trade […]
