The IRS makes inflation adjustments yearly, but this year they coincided with hot October inflation data Tax season is months away, but it’s never too soon to know what to expect when it comes to potential refunds — especially when inflation is gnawing at household budgets. Hours after data came out showing the rate of […]

According to the U.S. Bureau of Labor Statistics’ Business Employment Dynamics, entrepreneurs have about a 50% of starting a new business and having that business survive five years. I was just asked to come up with three recommendations for people who are looking to start a small business, and thought I’d share them here as […]

April 15th When you saw that date was your first thought one of worry (or even panic)? Did you get a little knot in your stomach? If so, you’re not alone. That’s how most people react to the thought of “tax day”. Here are a few solutions for a stress free tax season . BE […]

As a small-business owner, if you feel like your bank is not meeting your needs, you’re not alone. According to a recent study by J.D. Power, only 32 percent of small-business banking customers feel that their current bank understands their needs, and only 37 percent feel their bank appreciates their business.  When it comes to […]

When people start businesses, they don’t always think about the ancillary tasks that keep those businesses going. For instance, few like to think about accounting. However, if you’re going to stay in business any length of time, you’ll need to perform some accounting functions. Accounting functions in businesses that start as a one- or two-person operation and grow […]

With fall reporting deadlines right around the corner for Finance, you may want to take a second look at your company’s process. Unclaimed property (UP) is a growing area of interest for states, say the corporate finance and compliance experts at Duff & Phelps. Aside from taxes, UP is another key way states can bring […]

You know how it works: One of your finance staffers receives an email from your CEO urging him to make an immediate wire transfer. He complies … and your company just fell victim to the classic business email compromise (BEC) scam.  Well … Turns out this fraud is evolving as fast as employers can keep […]

With travelers constantly on the go, your finance staff may not talk with them too often. But for compliance with your T&E process, better communication could be the key. That’s the main takeaway from the report Travel Policy Communication: Understanding Disconnects and Increasing Compliancefrom the Global Business Travel Association (GBTA) and HRS Global Hotel Solutions. GBTA’s […]

The relationships your department forms with trading partners can have a big impact on your financial success and well-being. When relationships are positive, you see more discounts, favorable terms and long-lasting partnerships. But when relationships struggle, you face late fees, cut ties and maybe even costly lawsuits. Unfortunately, miscommunication and misunderstandings are common occurrences between […]

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 […]