2021’s legal and banking holidays, courtesy of IRS
A big part of year-end prep includes getting ready for the next year, which means figuring out where legal and banking holidays fall in 2021.
A big part of year-end prep includes getting ready for the next year, which means figuring out where legal and banking holidays fall in 2021.
It’s crucial to be aware of cyberthreats to your business. Crooks keep looking for new ways to fool finance pros into giving them access to company data and money. Inc.com reports a study from security platform provider CyberCatch found three types of cyberthreats you may not have heard of: Spoofing is when a thief taps […]
In case your finance team had been in cruise control heading into year-end because IRS’s quarterly interest rates hadn’t changed since the beginning of 2023 – surprise! There are new rates as of October 1, 2023. IRS Rev. Ruling 2023-17 is setting Q4 2023 interest rates at: What’s behind the interest rate change? According to […]
Amid the daily grind, it’s easy for finance staffers to fall into certain routines. They may push through inefficiencies and forget to think about improvement.
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 Information (BOI) report online and submit it to the U.S. Department of Treasury’s Financial Crimes […]
Last year, the U.S. saw an “unprecedented” increase in malicious cyber activity, such as business email compromise (BEC). Crooks tried to gain access to W-2 info and other valuable data that employers possess. That’s according to the latest info from the FBI. In 2021, the FBI’s Internet Crime Complaint Center (IC3) received 847,376 complaints – […]
The months known for sunshine and relaxation are coming up fast. And for many finance professionals, that means summer vacation!
Your Payroll pros may be distracted this year-end because IRS still hasn’t committed to dropping the mandatory threshold for e-filing information returns in 2023, there’s a new e-filing option for 1099s being rolled out in January, and Forms W-2, 1099 and 1095 will be subject to increased scrutiny by the Service. However, the fact is […]
Heads up Finance leaders! The IRS announced on its website that Form 8879-C – the E-file Signature Authorization for Form 1120, the U.S. Corporation tax form – is now “historical.” What this means: “The 2021 revision is the last revision of the form. Prior revisions will be available on IRS.gov,” the Service said. Specifically, the […]
More than two out of three CIOs (67%) say they have an IT skills gap. That means they lack the knowledgeable tech talent to keep pace with the changes necessary for implementing digital transformation projects. If that finding from the 2021 Harvey Nash Group Digital Leadership Report (formerly known as the CIO Survey) is accurate, […]
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