The stakes are being raised for unclaimed property reporting
To avoid costly interest and penalties, filing unclaimed property accurately and timely is now even more important for companies.
Accounting
Form 1099-NEC is here: Key details to stay IRS compliant
Heads up, CFOs. IRS has officially unveiled the new Form 1099-NEC, which your finance staff will use to report nonemployee compensation.
Unclaimed property: The compliance concern sneaking up this summer
As your finance team grapples with today’s complex business world, unclaimed property compliance can become even more of a challenge.
Latest IRS advice on qualified transportation fringe benefits
Let your Payroll and A/P teams know that there’s new guidance from IRS on handling qualified transportation fringe benefits.
Proposed rules from IRS on deducting meal expenses
It’s about time! There’s finally more clarity to help your company correctly deduct certain business expenses on your tax returns.
How to make unclaimed property compliance a companywide effort
Springtime is fast approaching. And, as Finance knows, so are unclaimed property deadlines in many states across the country.
IRS issues new regs on company cars and personal use
Calculating the value of company cars employees drive for their personal use just got a little easier now that IRS has released final regs. And they took effect Feb. 5, 2020. The final regs provide the details you and your payroll department need to tax this fringe benefit correctly in accordance with the Tax Cuts […]
Credit card fees: What changes are in the works now?
Keep a close eye on your corporate card provider. Some are planning to make changes to their fees that’ll affect how much your company has to pay.
Financial errors leading to bad biz decisions for your peers
Seems many finance departments are having “trust issues”: More than half (55%) of companies aren’t completely confident they can identify financial errors before they report their results.
