Heads up: IRS has announced the new standard business mileage rate for 2022, and just as expected, it’s increased. So it’ll cost your company more to reimburse employees’ vehicle travel this coming year. Here’s what you and your A/P pros need to know. Detailed mileage rate info The business mileage rate was expected to go […]
While business travel rates should continue to increase in 2022, many employees aren’t comfortable with taking planes to destinations just yet. That means car travel will be popular this coming year. In fact, 62% of business travelers said they’d be taking trips in their personal vehicles in 2022. This is according to the quarterly State […]
Your team has clear insight into the financials that can help your company uncover new ways to save. Take overhead costs, for example.
As CFOs, we have a lot on our plate. We spend far more time worrying about maximizing performance and hitting quarterly sales targets than we do thinking about the comparatively minor risk of hypothetical fraud, misuse and waste impacting our payables ledger. But don’t be lulled into a false sense of confidence when it comes […]
The fourth quarter is here, and we continue to feel the effects of the pandemic. It’s become apparent that businesses will need to evolve and embrace new strategies to thrive in 2020 and beyond. Adapting to the economic downturn caused by COVID-19 will require all CFOs to take a strategic approach to spending. As one […]
Corporate spending looks different for just about every business since the coronarvirus pandemic took hold. So what does post-COVID spending look like now? A recent survey by ServiceNow gives you an idea how your peers are opening their wallets in the new normal. And while every company is different, these benchmarks can show you what […]
Budget season has arrived! But will you have to allot more money for compensation due to a bump in the minimum wage? Depends on who wins that first Tuesday in November. In addition to the presidential race, there are eleven governor spots open. So what are your odds? Exclusive data from Resourceful Compliance handicaps your […]
An ongoing objective for your finance team is to find savings opportunities. And never before has that been so necessary.
The COVID-19 pandemic has left many small and mid-sized businesses in the lurch with no help from their insurance carriers. So says Andrea Luoni, CEO and Founder of RateCraft, a company that has saved companies over $20 million in premium costs across more than 1,200 optimized projects. And brace yourself: You’re about to pay even […]