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CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. 7 IN 10 COMPANIES FACING MORE COMPLEXITY WITH IT, SECURITY Have the pandemic and the shift to remote work made your company’s IT operations more complex? If so, you’re far from alone. In fact, 72% of organizations said they faced increased complexity in their environments in the last two years. And no surprise, 55% also said the switch to remote work HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
2022 HSA LIMITS AND HDHP LIMITS JUST RELEASED BY IRS The numbers your team needs. Take a look at your new thresholds for these plans effective Jan. 1, 2022: The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50). The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase). The max out-of-pocket amount for an HDHP for self-onlycoverage
16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
SHIPPING COSTS IN 2021: NEW BENCHMARKS TO ADJUST YOUR BUDGETS Time to take a second look at your budget. 2021 shipping costs will likely be higher than originally thought. Updated predictions during the recent “Code Red Freight Forecast” webinar break down the numbers by types of shipping.. The numbers you need for next year IRS ISSUES 2021 CAFETERIA PLAN LIMITS, FRINGE BENEFIT UPDATES Fringe benefit alert. When looking at fringe benefits, the limit for qualified adoption benefits that can be excluded from a worker’s income will be $14,440 in 2021, up from $14,300. In 2021, these benefits will begin to phase out once an employee makes over $216,660 annually, and they phase out entirely once a worker earns over$256,660 a year.
HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
7 IN 10 COMPANIES FACING MORE COMPLEXITY WITH IT, SECURITY Have the pandemic and the shift to remote work made your company’s IT operations more complex? If so, you’re far from alone. In fact, 72% of organizations said they faced increased complexity in their environments in the last two years. And no surprise, 55% also said the switch to remote work HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 2022 HSA LIMITS AND HDHP LIMITS JUST RELEASED BY IRS The numbers your team needs. Take a look at your new thresholds for these plans effective Jan. 1, 2022: The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50). The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase). The max out-of-pocket amount for an HDHP for self-onlycoverage
IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
SHIPPING COSTS IN 2021: NEW BENCHMARKS TO ADJUST YOUR BUDGETS Time to take a second look at your budget. 2021 shipping costs will likely be higher than originally thought. Updated predictions during the recent “Code Red Freight Forecast” webinar break down the numbers by types of shipping.. The numbers you need for next year 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS ISSUES 2021 CAFETERIA PLAN LIMITS, FRINGE BENEFIT UPDATES Fringe benefit alert. When looking at fringe benefits, the limit for qualified adoption benefits that can be excluded from a worker’s income will be $14,440 in 2021, up from $14,300. In 2021, these benefits will begin to phase out once an employee makes over $216,660 annually, and they phase out entirely once a worker earns over$256,660 a year.
HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
3 NEXT-LEVEL TIME MANAGEMENT STRATEGIES FOR CFOS 20 hours ago · No matter how many hours you put in, a CFO’s to-do list can feel never-ending. That makes time management an essential skill. And you know the solution isn’t working more hours. It’s working more efficiently in the hours you have each day. When you do that, not only do you avoid burnout yourself, you set a good example of productivity and work-life balance for your staff. ESTABLISHING SUCCESSFUL DIGITAL TRANSFORMATION STRATEGIES 1 day ago · The COVID-19 pandemic has put efficiency and ROI at the forefront of many business leaders’ minds. As a result, many businesses have turned to technology to automate and streamline operations across the business — with a heavy focus on finance. The focus on driving efficiencies in Finance has ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily 2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. ROSS TENNENBAUM, FINANCE EXPERT CONTRIBUTOR, AUTHOR AT CFO CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. 7 IN 10 COMPANIES FACING MORE COMPLEXITY WITH IT, SECURITY Have the pandemic and the shift to remote work made your company’s IT operations more complex? If so, you’re far from alone. In fact, 72% of organizations said they faced increased complexity in their environments in the last two years. And no surprise, 55% also said the switch to remote work IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just STATES CREATING THEIR OWN BUSINESS EXPENSE REIMBURSEMENT LAWS Expense reimbursement is getting more and more complicated for your finance department, due largely to a newer legislative trend. As if IRS regulations weren’t enough to keep up with, some states are adding their own expense reimbursement laws that your staffers will have to comply with, too.. Essentially, these are laws requiring companies to reimburse employees for “necessaryCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
7 IN 10 COMPANIES FACING MORE COMPLEXITY WITH IT, SECURITY Have the pandemic and the shift to remote work made your company’s IT operations more complex? If so, you’re far from alone. In fact, 72% of organizations said they faced increased complexity in their environments in the last two years. And no surprise, 55% also said the switch to remote work HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding.CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
7 IN 10 COMPANIES FACING MORE COMPLEXITY WITH IT, SECURITY Have the pandemic and the shift to remote work made your company’s IT operations more complex? If so, you’re far from alone. In fact, 72% of organizations said they faced increased complexity in their environments in the last two years. And no surprise, 55% also said the switch to remote work HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 2022 HSA LIMITS AND HDHP LIMITS JUST RELEASED BY IRS The numbers your team needs. Take a look at your new thresholds for these plans effective Jan. 1, 2022: The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50). The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase). The max out-of-pocket amount for an HDHP for self-onlycoverage
IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
SHIPPING COSTS IN 2021: NEW BENCHMARKS TO ADJUST YOUR BUDGETS Time to take a second look at your budget. 2021 shipping costs will likely be higher than originally thought. Updated predictions during the recent “Code Red Freight Forecast” webinar break down the numbers by types of shipping.. The numbers you need for next year 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS ISSUES 2021 CAFETERIA PLAN LIMITS, FRINGE BENEFIT UPDATES Fringe benefit alert. When looking at fringe benefits, the limit for qualified adoption benefits that can be excluded from a worker’s income will be $14,440 in 2021, up from $14,300. In 2021, these benefits will begin to phase out once an employee makes over $216,660 annually, and they phase out entirely once a worker earns over$256,660 a year.
HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily ESTABLISHING SUCCESSFUL DIGITAL TRANSFORMATION STRATEGIES 1 day ago · The COVID-19 pandemic has put efficiency and ROI at the forefront of many business leaders’ minds. As a result, many businesses have turned to technology to automate and streamline operations across the business — with a heavy focus on finance. The focus on driving efficiencies in Finance has 3 NEXT-LEVEL TIME MANAGEMENT STRATEGIES FOR CFOS 4 hours ago · No matter how many hours you put in, a CFO’s to-do list can feel never-ending. That makes time management an essential skill. And you know the solution isn’t working more hours. It’s working more efficiently in the hours you have each day. When you do that, not only do you avoid burnout yourself, you set a good example of productivity and work-life balance for your staff. CFOS FEELING OPTIMISTIC ABOUT THE ECONOMY, SURVEY FINDS Are you feeling positive about the direction of the economy and your company’s future? Your peers certainly are. About 70% of CFOs and other executives said they’re optimistic about economic prospects over the next year, according to the American Institute of Certified Public Accountants (AICPA)’s economic outlook survey for the secondquarter of 2021.
2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
ROSS TENNENBAUM, FINANCE EXPERT CONTRIBUTOR, AUTHOR AT CFO CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. 'ZOOM FATIGUE' HAS HIT 4 IN 10 EMPLOYEES -- YOUR BEST by Jennifer Azara. January 13, 2021. Staff management. 1 minute read. It may not shock you that 38% of people say they’ve hit their limits as far as virtual meetings go. Zoom fatigue is real, confirms a recent Robert Half survey. The novelty of seeing their co-workers on a computer screen has worn off, some 10 months into the coronavirus IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years.| CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business.CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
2022 HSA LIMITS AND HDHP LIMITS JUST RELEASED BY IRS The numbers your team needs. Take a look at your new thresholds for these plans effective Jan. 1, 2022: The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50). The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase). The max out-of-pocket amount for an HDHP for self-onlycoverage
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech EXCEL TIP MAKES SPREADSHEETS EASIER ON STAFFERS' EYES Staring at Excel spreadsheets for hours on end can really put a strain on Finance staffers’ eyes. The good news is you don’t have to ramp up the font to a cartoonish size to get relief. What works better: Using a function in Excel that allows workers to shade every other column or row, which TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
2022 HSA LIMITS AND HDHP LIMITS JUST RELEASED BY IRS The numbers your team needs. Take a look at your new thresholds for these plans effective Jan. 1, 2022: The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50). The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase). The max out-of-pocket amount for an HDHP for self-onlycoverage
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech EXCEL TIP MAKES SPREADSHEETS EASIER ON STAFFERS' EYES Staring at Excel spreadsheets for hours on end can really put a strain on Finance staffers’ eyes. The good news is you don’t have to ramp up the font to a cartoonish size to get relief. What works better: Using a function in Excel that allows workers to shade every other column or row, which TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. ESTABLISHING SUCCESSFUL DIGITAL TRANSFORMATION STRATEGIES 16 hours ago · The COVID-19 pandemic has put efficiency and ROI at the forefront of many business leaders’ minds. As a result, many businesses have turned to technology to automate and streamline operations across the business — with a heavy focus on finance. Thefocus on
CFOS FEELING OPTIMISTIC ABOUT THE ECONOMY, SURVEY FINDS 1 day ago · Are you feeling positive about the direction of the economy and your company’s future? Your peers certainly are. About 70% of CFOs and other executives said they’re optimistic about economic prospects over the next year, according to the American Institute of Certified Public Accountants (AICPA)’s economic outlook survey for the second quarter of 2021. VACATIONS & HOLIDAYS THIS SUMMER SEASON: KEY PAYROLL The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep track of NO MASK? BIG PROBLEM, SAYS OSHA, SLAPS BIZ WITH $136K FINE Jennifer, a member of the CFO Daily News staff, has covered business and finance for more than 22 years. She has written for CFOs, credit and collections professionals and accounts payable practitioners and has spoken at industry conferences on sales and use tax compliance. 'ZOOM FATIGUE' HAS HIT 4 IN 10 EMPLOYEES -- YOUR BEST by Jennifer Azara. January 13, 2021. Staff management. 1 minute read. It may not shock you that 38% of people say they’ve hit their limits as far as virtual meetings go. Zoom fatigue is real, confirms a recent Robert Half survey. The novelty of seeing their co-workers on a computer screen has worn off, some 10 months into the coronavirus HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
6 IN 10 INSIDER BREACHES CAUSED BY EMPLOYEE NEGLIGENCE 6 in 10 insider breaches caused by employee negligence. To avoid insider breaches, it’s vital to make sure your people are being careful with how they relay information internally. The reason: Employee negligence or errors caused 62% of all insider data breaches last year, according to a recent report from Ponemon Institute, aresearch center
WORKERS GONE WILD: 7 OUTRAGEOUS CASES OF EMPLOYEE FRAUD For some rogue staffers, lifting office supplies or seeking reimbursement on a few minor “non-business related” charges is mere child’s play. Here are seven of the most over-the-top examples that we could find of in-house theft and employee fraud: $1.2 million in false expenses. David Smith, a former Quest Diagnostics manager, managed to get reimbursed STORYTELLING IN FINANCE: GIVE LIFE TO YOUR COMPANY'S NUMBERS Storytelling in Finance isn’t a passing trend — it’s a highly desired skill among finance professionals. 81% of surveyed CFOs in the Accenture CFO report From Bottom Line to Front Line believe that data storytelling is an essential skill for financial professionals today to help support strategic insight. Successful accounting is one partCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely different CFOS FEELING OPTIMISTIC ABOUT THE ECONOMY, SURVEY FINDS 16 hours ago · Are you feeling positive about the direction of the economy and your company’s future? Your peers certainly are. About 70% of CFOs and other executives said they’re optimistic about economic prospects over the next year, according to the American Institute of Certified Public Accountants (AICPA)’s economic outlook survey for the second quarter of 2021. ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily VACATIONS & HOLIDAYS THIS SUMMER SEASON: KEY PAYROLL 1 day ago · The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep trackof
2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. REMOTE WORK IS ESSENTIAL TO EMPLOYEE RETENTION, NEW SURVEY To avoid costly retention issues, you may want to focus on flexibility. Almost 30% of remote workers said they’d quit if they weren’t allowed to continue remote work, according to recent research from LiveCareer. And another two-thirds said they prefer to only work for companies that offer remote work options. It’s a double whammy for CFOs. HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
IRS PROPOSES RULE REGARDING FEDERALLY DECLARED DISASTERS IRS proposes rule regarding federally declared disasters. A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, can be found in the FederalRegister.
8 PROVEN STRATEGIES TO BOOST THEIR T&E POLICY COMPLIANCE T&E compliance can be a source of stress for your staffers and a strain on your company’s pocketbook especially when employees don’t follow your policies to the letter. And while ideally travelers and managers should follow the rules because they’re there, that doesn’t always happen. With as big of a budgetary biteT&E takes
ONLINE SALES TAX: A COMPLETE STATE-BY-STATE GUIDE Online Sales Tax: A Complete State-by-State Guide Your one stop reference for state-by-state guidance on all the current sales tax rules. Ever since the Supreme Court officially ruled that states can require online sellers to collect sales tax, Finance and Procurement pros have been scrambling to keep up with changes in all the states where they do business online.CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely different CFOS FEELING OPTIMISTIC ABOUT THE ECONOMY, SURVEY FINDS 13 hours ago · Are you feeling positive about the direction of the economy and your company’s future? Your peers certainly are. About 70% of CFOs and other executives said they’re optimistic about economic prospects over the next year, according to the American Institute of Certified Public Accountants (AICPA)’s economic outlook survey for the second quarter of 2021. ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily VACATIONS & HOLIDAYS THIS SUMMER SEASON: KEY PAYROLL 1 day ago · The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep trackof
2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. REMOTE WORK IS ESSENTIAL TO EMPLOYEE RETENTION, NEW SURVEY To avoid costly retention issues, you may want to focus on flexibility. Almost 30% of remote workers said they’d quit if they weren’t allowed to continue remote work, according to recent research from LiveCareer. And another two-thirds said they prefer to only work for companies that offer remote work options. It’s a double whammy for CFOs. HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
IRS PROPOSES RULE REGARDING FEDERALLY DECLARED DISASTERS IRS proposes rule regarding federally declared disasters. A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, can be found in the FederalRegister.
8 PROVEN STRATEGIES TO BOOST THEIR T&E POLICY COMPLIANCE T&E compliance can be a source of stress for your staffers and a strain on your company’s pocketbook especially when employees don’t follow your policies to the letter. And while ideally travelers and managers should follow the rules because they’re there, that doesn’t always happen. With as big of a budgetary biteT&E takes
ONLINE SALES TAX: A COMPLETE STATE-BY-STATE GUIDE Online Sales Tax: A Complete State-by-State Guide Your one stop reference for state-by-state guidance on all the current sales tax rules. Ever since the Supreme Court officially ruled that states can require online sellers to collect sales tax, Finance and Procurement pros have been scrambling to keep up with changes in all the states where they do business online.CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Payroll tax credits for vaccines: IRS issues new guidance. Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it. Now IRS has clarified how you can take advantage. It just issued a new fact sheetto
HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO As a reminder, for 2020, the monthly limitations for transportation fringe benefits were $270 for qualified transportation fringes and $270 for qualified parking. And those limitations remain the same for 2021. Alyssa Pedrick. Alyssa, a member of the CFO Daily News staff, has written extensively on business and finance for several years. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS IRS: You can reimburse remote employees for internet access. Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION The billing scam that cost 2 tech giants $122 million. If Facebook and Google fell for it, what chance do we have? That’s what you might be thinking after hearing a Lithuanian man just pleaded guilty to a slew of charges stemming from a billing scam that flooded these tech MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 45-Day Money Back Guarantee. CFO Daily News' "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" Essential Insights comes with an unconditional, 100% money back guarantee. If you decide "Motivating Without Money: 91 Inexpensive Ways to Keep Employees Happy" doesn’t deliver value or simply isn’t your cup of tea, just 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely different CFOS FEELING OPTIMISTIC ABOUT THE ECONOMY, SURVEY FINDS 10 hours ago · Are you feeling positive about the direction of the economy and your company’s future? Your peers certainly are. About 70% of CFOs and other executives said they’re optimistic about economic prospects over the next year, according to the American Institute of Certified Public Accountants (AICPA)’s economic outlook survey for the second quarter of 2021. ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily VACATIONS & HOLIDAYS THIS SUMMER SEASON: KEY PAYROLL 1 day ago · The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep trackof
2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of “ expenses ” changes. This virtual discussion will address 3 must-knows for the post-COVID work era: New expenses that your travel and expense policy needs to address for compliant, safe rebuilding. REMOTE WORK IS ESSENTIAL TO EMPLOYEE RETENTION, NEW SURVEY To avoid costly retention issues, you may want to focus on flexibility. Almost 30% of remote workers said they’d quit if they weren’t allowed to continue remote work, according to recent research from LiveCareer. And another two-thirds said they prefer to only work for companies that offer remote work options. It’s a double whammy for CFOs. HOW A/P CAN KEEP OPERATIONS RUNNING SMOOTHLY DURING Check out four critical areas A/P should focus on to keep operations running as smoothly as possible: 1. Staff conditions. To continually meet the needs of both internal and external customers, you first need to ensure your A/P staff is well equipped to do so. If your company’s like most, it’s advised employees who can work from hometo do
IRS PROPOSES RULE REGARDING FEDERALLY DECLARED DISASTERS IRS proposes rule regarding federally declared disasters. A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, can be found in the FederalRegister.
8 PROVEN STRATEGIES TO BOOST THEIR T&E POLICY COMPLIANCE T&E compliance can be a source of stress for your staffers and a strain on your company’s pocketbook especially when employees don’t follow your policies to the letter. And while ideally travelers and managers should follow the rules because they’re there, that doesn’t always happen. With as big of a budgetary biteT&E takes
ONLINE SALES TAX: A COMPLETE STATE-BY-STATE GUIDE Online Sales Tax: A Complete State-by-State Guide Your one stop reference for state-by-state guidance on all the current sales tax rules. Ever since the Supreme Court officially ruled that states can require online sellers to collect sales tax, Finance and Procurement pros have been scrambling to keep up with changes in all the states where they do business online.CFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it.. Now IRS has clarified how you can take advantage. It just issued a new fact sheet to help employers understand the logistics of these new credits.. Here’s what you need to know. HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST As the workplace shifts to more hybrid and remote offerings – your expenses shift too. If your company moves to a hybrid working model, will you be prepared? This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO Good news: IRS has offered guidance on what employees can do regarding fringe benefits that weren’t used due to the coronavirus pandemic. In short, the world shut down last year. THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION Jennifer, a member of the CFO Daily News staff, has covered business and finance for more than 22 years. She has written for CFOs, credit and collections professionals and accounts payable practitioners and has spoken at industry conferences on sales and use tax compliance. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 4 Blueprints (PDF) – detailed, step-by-step frameworks, advice and recommendations for navigating everyday management challenges and difficult situations. 15 Essential Insights (PDF) – concise, 20- to 30-page executive summaries that deliver quick tips, distilled research and curated knowledge on a specific topic. 49 Practical Tools (PDF) – desk references such as checklists, worksheets 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely differentCFO DAILY NEWS
CFO Daily News, part of the SuccessFuel Network, provides the latest Finance and employment law news for Finance professionals in the trenches of small-to-medium-sized businesses. Rather than simply regurgitating the day’s headlines, CFO Daily News delivers actionable insights, helping Finance execs understand what Finance trends mean to their business. PAYROLL TAX CREDITS FOR VACCINES: IRS ISSUES NEW GUIDANCE Under the American Rescue Plan Act, employers with 500 or fewer employees can receive payroll tax credits for paid time off they give their people to either get the COVID-19 vaccine or recover from it.. Now IRS has clarified how you can take advantage. It just issued a new fact sheet to help employers understand the logistics of these new credits.. Here’s what you need to know. HYBRID WORK: 3 CHANGES YOUR TRAVEL & EXPENSE POLICIES MUST As the workplace shifts to more hybrid and remote offerings – your expenses shift too. If your company moves to a hybrid working model, will you be prepared? This blend of home, office, and work from anywhere is forcing finance teams to quickly pivot to new policies as the very definition of 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS PROVIDES GUIDANCE ON UNUSED FRINGE BENEFITS DUE TO Good news: IRS has offered guidance on what employees can do regarding fringe benefits that weren’t used due to the coronavirus pandemic. In short, the world shut down last year. THE BILLING SCAM THAT COST 2 TECH GIANTS $122 MILLION Jennifer, a member of the CFO Daily News staff, has covered business and finance for more than 22 years. She has written for CFOs, credit and collections professionals and accounts payable practitioners and has spoken at industry conferences on sales and use tax compliance. IRS: YOU CAN REIMBURSE REMOTE EMPLOYEES FOR INTERNET ACCESS Good news: Your company can safely reimburse remote employees for their home internet access without jeopardizing your compliance. The IRS chief of employment tax examination in the Small Business/Self-Employed Division recently weighed in on this timelytech topic.
MOTIVATING WITHOUT MONEY: 91 INEXPENSIVE WAYS TO KEEP 4 Blueprints (PDF) – detailed, step-by-step frameworks, advice and recommendations for navigating everyday management challenges and difficult situations. 15 Essential Insights (PDF) – concise, 20- to 30-page executive summaries that deliver quick tips, distilled research and curated knowledge on a specific topic. 49 Practical Tools (PDF) – desk references such as checklists, worksheets 5 QUALITIES EVERY INTERNAL AUDITOR NEEDS It’s a mission-critical function in every company: the internal auditor. And whether you have a dedicated position or tap general finance staffers to do the review, you want to make sure you have the right person for the job. Heads up: That definition is changing. Many of your peers are looking for different skills these TOUGH-TO-SPOTSIGNS THAT AN INVOICE IS FAKE 5 tough-to-spot signs that an invoice is fake Page 1 5 tough-to-spot signs that an invoice is fake Red Flag 1: A not-so-crisp logo Of course you’d notice if bills from a regular supplier looked completely different 2 NEW COBRA NOTICES RELEASED BY THE DEPARTMENT OF LABOR The Department of Labor (DOL) just issued several COBRA notices you may need to give employees under the American Rescue Plan Act (ARPA). The ARPA created COBRA premium assistance to help certain individuals continue their health benefits. The premium assistance is available from April 1, 2021, through Sept. 30, 2021. VACATIONS & HOLIDAYS THIS SUMMER SEASON: KEY PAYROLL 17 hours ago · The summer season’s kicking into full gear! Summer holidays are fast approaching. So more employees will likely be taking vacations this year as restrictions lift. And to keep your company in compliance with wage and hour laws, your Payroll team must keep trackof
ABOUT | CFO DAILY NEWS CFO Daily News delivers the latest financial news, best practices and proven strategies to help CFOs control costs and increase revenue while keeping their companies in compliance with IRS and other federal and state regs. A trusted source within the industry, CFO Daily News is counted on by more than 437,000 financial professionals. CFO Daily 16 STATES REQUIRE COVID SAFETY TRAINING -- DOES YOURS? A third of states now require employers to conduct COVID safety training with employees. Read on to see if your state is one of them. The Clear Law Institute compiled a list of all the states with training requirements for coronavirus workplace safety.. These states now require COVID safety training: IRS ISSUES 2021 CAFETERIA PLAN LIMITS, FRINGE BENEFIT UPDATES Right on schedule! IRS has updated annual limits for cafeteria plans and fringe benefits. Revenue Procedure 2020-45 maps out the info your finance staffers will need as they prep for tax year 2021.. Cafeteria plans. The carryover limit for unused amounts in cafeteria plans will rise in 2021 to a maximum of $550. REMOTE WORK IS ESSENTIAL TO EMPLOYEE RETENTION, NEW SURVEY Is your company looking to resume “normal” office life soon? To avoid costly retention issues, you may want to focus on flexibility. Almost 30% of remote workers said they’d quit if they weren’t allowed to continue remote work, according to recent research from LiveCareer. And another two-thirds said they prefer to only work for companies that offer remote work options. IRS PROPOSES RULE REGARDING FEDERALLY DECLARED DISASTERS A proposed rule would make things a little easier for finance teams whose duties get impacted by federally declared disasters. The new IRS rule, Mandatory 60-Day Postponement of Certain Tax-Related Deadlines by Reason of a Federally Declared Disaster, can be found in the Federal Register.Here’s what CFOs need to know. FAMILIES FIRST CORONAVIRUS RESPONSE ACT TAKES EFFECT APRIL 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 than500 employees.
8 PROVEN STRATEGIES TO BOOST THEIR T&E POLICY COMPLIANCE T&E compliance can be a source of stress for your staffers and a strain on your company’s pocketbook especially when employees don’t follow your policies to the letter. And while ideally travelers and managers should follow the rules because they’re there, that doesn’t always happen. With as big of a budgetary biteT&E takes
ONLINE SALES TAX: A COMPLETE STATE-BY-STATE GUIDE Online Sales Tax: A Complete State-by-State Guide Your one stop reference for state-by-state guidance on all the current sales tax rules. Ever since the Supreme Court officially ruled that states can require online sellers to collect sales tax, Finance and Procurement pros have been scrambling to keep up with changes in all the states where they do business online.* FREE RESOURCES
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