Don’t count on a V-shaped recovery, as many initially predicted. Instead, buckle up — we’re in for a much slower and K-shaped recovery. That’s Moody Analytics’s Chief Economist Dr. Mark Zandi’s take. He recently addressed finance execs at a general session at Financial Executives International’s Corporate Financial Reporting Insights 2020 Virtual Conference. Recouping remaining jobs […]
With a plethora of critical data at its disposal, your finance department is in a great position to benchmark its operations.
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.
Attention all businesses impacted by Hurricane Laura: IRS has some temporary tax relief for you. And it lasts for the rest of 2020. Specifically, all tax filing and payment deadlines that occurred beginning Aug. 22 get pushed back to Dec. 31. So says a recent announcement by IRS. This tax relief includes: quarterly estimated income […]
The top 10 causes of workplace injuries – such as slips, trips and falls and strains from lifting heavy objects – cost U.S. businesses more than $1 billion per week, according to a new report from Liberty Mutual Insurance. Disabling workplace injuries cost employers $59 billion per year. And the top 10 causes make up 89% or $52.93 […]
Businesses everywhere are at greater risk for costly damage from the severe storm season this year. And yes, COVID-19 is to blame. The 2020 Atlantic hurricane season will be a doozy: • 13 to 19 named storms (winds of 39 mph or higher), of which • 6 to 10 could become hurricanes. That “above average” […]
NOTE: The effective date was pushed back to April 1, 2020. On March 18th the Senate passed the Families First Coronavirus Response Act, and President Trump signed it into law. The act contains several provisions that will significantly impact employers with fewer than 500 employees. If this applies to you, your obligations become effective […]
You’re currently bombarded by information about COVID-19, the coronavirus pandemic gripping the world right now, much of it changing hour to hour. You’re likely bombarded by questions too — from employees, customers, your CEO. But it’s critical you as CFO also ask a few key questions to make sure your business is ready to weather […]
When trading partners hear or see your company’s name, do you think they grin or cringe? You know in the business world, impressions matter. Plus, every time your company has issues or cuts ties with a customer or supplier, there’s a cost associated. You lose precious labor hours, discount opportunities, maybe even top-notch pricing arrangements. […]