The Federal Trade Commission (FTC) is proposing to ban noncompete clauses in employment contracts, long used by companies to prevent highly-valued employees from quitting and joining a competing firm. Bottom line: While it’s great news for talented professionals with options and experience in fields like finance, the reg poses a daunting challenge for businesses looking […]
Some of your people may be excellent at problem solving. But even those team members can occasionally run into problems that seem so complex and overwhelming that they get stuck because they’re unsure about where to begin. That’s when it’s time to step back, reassess the situation and try some different approaches to problem solving. […]
Love him or loathe him, Elon Musk is dominating the business news cycle. When you’re rich enough to drop $44 billion on a bloated tech company like Twitter, people pay attention to what you say or do. Musk and his management team aren’t wasting time laying off entire divisions at Twitter. He’s refusing to pay […]
The economy will continue to fluctuate next year, and that’ll be driven by interest rates, according to a webinar on 2023 Finance trends from Controllers Council. Many of your peers agree that it’ll be a roller coaster ride because they’re not sure what’s going to happen next: 21% of the webinar’s attendees named braving economic […]
The federal Work Opportunity Tax Credit (WOTC) could be a boost to your bottom line – a one-time credit up to $9,600 per qualified new hire. To be eligible for a WOTC, employers need to hire workers that qualify as belonging to a group of people that face significant barriers to employment, such as: unemployed […]
Since about 80% of all your company’s transactions go through A/P, if a totally paperless A/P department is one of your goals for 2023, robust controls to prevent waste and misuse of company funds will be essential. That’s because according to the U.S. Department of Commerce: 5% of all companies’ annual revenue is lost to […]
The predicted “red wave” for the midterm elections didn’t pan out. But the Republican-majority House can derail some of President Biden’s initiatives. One of them is the ever-expanding Environmental, Social and Governance (ESG) movement and specifically a proposed Securities Exchange Commission (SEC) rule that would require publicly traded companies to disclose their greenhouse gas emissions […]
Cybersecurity – protecting sensitive corporate and customer data from falling into the hands of criminals – is vital to your organization’s success. Lately the feds have been cracking down on disruptive ransomware thieves and info sellers on the dark web, but don’t let that lull you into a false sense of security. An optimum strategy […]
To keep your business competitive in the midst of a labor shortage it may take more implementation of digital finance technology which enables teams to get more done in less time. Technology (including finance technology) has a lot to do with why overall worker productivity is noticeably higher than it was 40 years ago, according […]
