Are your company’s 1099s and W-2s error-free? 4 best practices
Of all the strict IRS requirements your finance team strives to meet at year-end, accurate 1099s and W-2s hit the top of the list.
Accounting
IRS finalizes first year depreciation regs
Start shopping! Your company can now write off most depreciable assets the year they’re put into service thanks to IRS’s finalized first year depreciation regs.
Feds release FY2020 per-diem rates: Here’s what’s changing
You and your finance team have new per-diem rates to contend with, beginning in just a couple of weeks.
Big finance presentation? Combat these 4 pitfalls to stay on track
When it comes time to present annual numbers or important updates at your company, you want to guarantee it goes swimmingly. But you know nothing’s foolproof. There are any number of unforeseen issues that can throw you off, or even derail an otherwise effective presentation entirely. And if your presentation doesn’t achieve what it’s set […]
FASB to give more time on lease accounting standard … and you’re gonna need it!
While it’s not a done deal yet, you’re likely going to get an extra year to get in compliance with the new lease accounting standard — if you’re a private company. Last month FASB unanimously voted to push back the effective date, making the expected new deadline for annual reporting periods beginning after Dec. 15, […]
New IRS rule changes your year-end prep
Your company will soon be able to take a new step to protect employees’ sensitive info at year-end – IRS just issued a final rule that lets employers voluntarily truncate employee Social Security numbers (SSNs) on W-2s. This isn’t the first change IRS has made to the W-2 process to minimize the risk of sensitive […]
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.
New blockchain benchmarks: Are you keeping pace?
Blockchain: By now almost every organization understands the technology’s going to gain widespread adoption. But if you haven’t started the conversation in your own company you’re one of the few. A lot has changed in the past year as far as business’s attitude towards and action plan for blockchain. To see how you stack up, […]
New record high: 82% of companies recently hit by payment fraud
Today, your finance team must do more than ever before to ensure that company money stays where it belongs. Payment fraud just spiked to a new high. A staggering 82% of companies said they were hit last year, according to the new 2019 AFP Payments Fraud and Control Survey. Of course, you encourage your team […]
