Finance News & Insights

IRS audit survival guide: 4 compliance keys for Finance

Few things are quite as headache-provoking as the thought of IRS auditors scrutinizing your company’s financial records, one by one. [Read more…]

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Data analytics can lead to major energy savings: 2 key steps

Chances are your company has done an audit recently of energy and water consumption. From there, you can use data analysis to zero in on opportunities to save — and there are plenty.  [Read more…]

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What can land Finance in an IRS Obamacare audit? 3 red flags

The IRS isn’t putting its ACA audit push on hold just because President-elect Trump promised to “repeal and replace” the controversial law. That means Finance can’t afford to back off its compliance efforts. [Read more…]

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Warning: DOL found three-fourths of 401(k)s illegal

Here’s a very compelling reason to take a closer look at your 401(k) plan: [Read more…]

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IRS wants to audit your e-records: Now what?

If you’ve just made the switch to a paperless A/P department, you’ll want to make sure your files are all prepared correctly. Otherwise, you could be setting yourself up for trouble if the feds come knocking. [Read more…]

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Almost audit-proof: 4 ways to safeguard your firm

No small business wants the IRS to come knocking on its door to conduct an audit. But many companies increase their chances of getting flagged by not doing all of these things.  [Read more…]

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A best practice nearly half of A/P departments don't employ

Despite the fact that inactive vendors can leave the door wide open for duplication and fraud, almost half (40%) of A/P departments don’t purge the master vendor file — ever. [Read more…]

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Tales of IT Trauma: And you thought a regular audit was tough

Sure finance pros are a little more used to audits than other departments. But when this IT person heard about an upcoming audit, he probably had no idea just how afraid he should have been. [Read more…]

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How do you receive your telecom bill? It matters

Just about every CFO has that sneaking suspicion their company is paying too much for telecom. If your bill comes in this format, you can be assured you are. [Read more…]

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