Collections teams are under added pressure to keep after delinquent accounts and press for payments, even if only partial ones. Waiting too long will lower the odds of seeing a dime from a cash-strapped debtor. Despite positive economic signs popping…
Strategy
Financial professionals who can read a chart are rightly worried about the long-term economic health of the U.S. To quote the late, great economist Herbert Stein, "If something cannot go on forever, it will stop." Try telling that to the…
To attract and retain top-notch finance talent, many companies focus on the traditional lures. Examples: offering a competitive salary, touting health and wellness benefits, and so on. One attractive factor to consider? Allowing accountants, analysts, auditors, tax managers and other…
Eight states and a handful of cities mandate that employers practice pay transparency. Expect that list to grow as legislation is on the drafting board in other states and - more importantly - talented job candidates expect it from the…
"Everything we look at says that we're probably going into very slow growth in 2024 - probably not a recession," said Dan North, a senior economist for North America at Allianz Trade, an insurance and business intelligence company specializing in…
With a new year comes new state laws with compliance challenges that could disrupt business as usual. In addition to the minimum wage hikes that we recently reported on, there are other rules in effect, or about to go into…
What experts are saying the top business finance trends will be for the upcoming year may sound familiar. They're worth highlighting because companies that are able to adapt to these finance trends are most likely to be well-positioned for success…
A beneficial ownership reporting rule that takes effect January 1, 2024 may add another critical item to your compliance to-do list. An estimated 32.6 million LLCs and corporations that will be subject to the rule must complete a Beneficial Ownership…
Inflation isn't dropping as low as Jerome Powell and the governors of the Federal Reserve thought it would when they began ratcheting up the funds rate in March 2022. No matter: A growing number of financial pros predict the Fed…
Fall is the crunch-time season for unclaimed property reporting and escheatment. The states with approaching deadlines are almost as numerous as the leaves falling this time of year. The majority of them are either October 31 or November 1. In…
Sales tax compliance is a demanding job for finance teams like yours. For example, comparing the number of tax rate changes across the U.S. for January 1-June 30, 2023 vs. January 1-June 30, 2022, the volume of changes increased 43%,…
Industry demand for crude oil is rising. The price of a barrel of oil could top $100 before Halloween. Since OPEC announced it would reduce output in the spring, energy prices flattened out for most of the year. That calm…
