Tag Archives | Finance

US Supreme Court

What the Supreme Court has to say about your Finance department

What do the nine Supreme Court justices have to say about the way your finance department works? Plenty, these days. Two recent opinions from the highest court in the land will impact day-to-day work in Finance for you and your staffers. Specifically, the latest rulings impact Payroll and Accounts Receivable. Here’s what you need to […] [MORE]

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IRS offers key same-sex guidance on retirement plans

For employers that have been waiting for the IRS to issue guidance on how the Supreme Court’s DOMA decision will apply to their retirement plans, the wait is over. IRS’ new guidance covers a number of topics including when employers’ retirement plans must reflect the DOMA decision. The feds focused on two key dates: June […] [MORE]

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Is Finance Just Keeping Score, or Changing the Game?

A new type of finance organization is emerging, one that spends less time on traditional finance functions and more time on decision-making and strategy. To understand the dynamics of this modern finance organization, Oracle and Accenture commissioned Longitude Research to undertake a global survey of 1,275 finance and line of business executives to evaluate the […] [MORE]

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IRS clarifies FSA use-it-or-lose-it rules: What to tell workers

While employers and employees alike welcomed the feds’ changes to a 30-year-old FSA rule late last year, the move raised plenty of questions. Now, the agency has responded. As employers are well aware, the IRS recently announced flexible spending account (FSA) holders can carry over unused account funds into the next year (up to $500). […] [MORE]

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The 2 best tools to help you streamline finance processes

Who couldn’t stand to wring a few inefficiencies out of their finance processes? The time savings alone could prove to be a real morale booster for your staffers. Not to mention the cot savings. (And we bet if you asked them, your staffers have some suggestions on just what could use a little improvement.) The […] [MORE]

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Religion in the workplace: The Satanic latte

As CFOs are well aware, employees have the right to be open about their religious affiliations – however unorthodox those affiliations are. But forcing those beliefs on customers or, more accurately, in customers’ drinks is going way too far. Here’s what happened: A Starbucks customer and practicing Catholic, Megan K. Pinion, recently posted pictures of […] [MORE]

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Financial wellness: The employee group you should focus on ASAP

By now most employers are aware that employees’ overall financial wellness is an area they should be focusing on. But there’s one specific demographic that needs the most help here. Nearly a quarter (24%) of employees admit their personal finances have been a distraction for them while at work. And 39% say they spend three […] [MORE]

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audit-checklist

5 qualities every internal auditor needs – does yours have them?

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 […] [MORE]

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Preparing Audit Ready Financials: Best Practices to Avoid Common Pitfalls

Independent external audits of GAAP financial statements are an inescapable reality for finance professionals. External audits are required by statute for public companies and are also becoming the norm among private companies experiencing growing demands for transparency from regulators, investors, and other stakeholders. In this whitepaper you’ll learn: • How to develop a better process […] [MORE]

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Supreme Court: Severance still subject to FICA taxes

If you were hoping the Supreme Court would help you to reclaim some FICA tax refunds, you’re out of luck.  The Supreme Court unanimously voted that severance pay is still subject to FICA taxes. According to the Supreme Court, “Under FICA’s broad definition, these [Quality Store’s] payments constitute taxable wages.” It pointed to language in […] [MORE]

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Managing fixed assets: How to excel without Excel®

Yes, we’re talking about spreadsheets! And yes, spreadsheets can be useful. However, it all depends on the task for which you are using them. It cannot be emphasized enough that if you are still using spreadsheets for fixed assets management, you are losing time and money. Plus, you are putting yourself and your company at […] [MORE]

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Clock in

A zebra, no milk & a hairbrush: 12 wild excuses for being late to work

Of course you’ve heard that traffic on the highway was a nightmare … but how about a finance staffer who had a nightmare and that’s why he was late for work this morning?  That’s just one of the wildest real-life excuses employees have tried to get away with lately. CareerBuilder’s newest list gathered some of […] [MORE]

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It’s a business expense! 5 crazy tax deductions

Every year at this time, accountants see scores of tax deductions proposed by employers hoping to maximize their returns. Some of these deductions are reasonable, some are questionable and some are downright insane. To determine the latter, the Minnesota Society of Certified Public Accountants (MNSCPA) recently conducted its annual survey on the most unusual tax […] [MORE]

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8 Accounts Receivable Financing Facts You Need to Know

Sometimes it can be difficult to stay afloat when you’re dealing with daily business expenses and demands. Or maybe your company’s business is steady but you’re still looking for ways to increase cash flow for seasonal demand. Accounts receivable financing (also known as invoice factoring) can free cash flow and reduce debt. Here are 8 […] [MORE]

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Most execs fear the IT talent shortage

Many companies are hiring IT pros now — but they’re having trouble finding people with the skills they need.  Most companies plan to hire technology professionals over the next year, but they’re worried about finding talent, according to a recent survey released by the Technology Councils of North America (TECNA). Among the 1,700 executives polled, 63% said their organization [...]

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Common practices that lead to bad IT hires

A growing shortage of talent means that it could be difficult to beat out the competition for new employees — and that the margin for error in hiring decisions will be smaller than ever.  To avoid missing out on top candidates and having to start the process all over again due to bringing in the [...]

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Online Data Backup an Essential and Efficient Solution to Any Business

Whatever disaster may occur, whether human error, theft, fire, defective components, or a system crash, having a remote backup of all of your important information ensures that it is safe, secure and easily accessible. Online data backup services have become more affordable, and service providers abound. Many online backup vendors offer similar functionality, but there [...]

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How to Use Mobile Payment Collection Technology to Boost Profitability

Enterprise investments in mobile automation are enabling field sales and service professionals to complete their tasks faster than ever before. But are their organizations getting paid any faster? If not, they are missing out on some of the lowest-hanging fruit on the mobile automation benefits tree. Click here to learn more!  

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Virtualizaion’s top 3 security risks

More small businesses are relying on virtual servers and desktops to help cut costs and improve the IT infrastructure. Are they prepared for the potential security risks of virtualization?  The majority of small and mid-sized organization are already using some form of virtualization somewhere in the company, according a recent Cisco survey. Among the 150 IT managers [...]

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Where IT managers focus their time and budget

As they do with most areas, companies must find creative ways to divide two scarce resources in IT: time and money. A new survey looks at what areas tech leaders are focusing on now.  When it comes to managing their own time, the key for IT managers is finding a balance. That’s the message from [...]

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Addressing The Small and Midsized Business Storage Challenge

As Small and Midsize Businesses (SMBs) struggle with the challenge of managing more data with fewer resources and limited budgets, the industry has responded with storage solutions that are either too small (low functionality and hard to deploy and manage) or too big (high capacity and performance with a high price tag). SMBs need the [...]

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money-and-computers

IT budgets rise: Where are companies spending the extra money?

Despite lingering concerns about the economy, most companies are planning to increase their IT spending in the coming year. Where do your competitors plan to send those extra dollars? In 2013, IT departments grew more than was originally expected, according to a recent survey conducted by the Society for Information Management (SIM). For the year, [...]

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3 ways IT puts data at risk

Your company’s IT department has likely complained a lot about the ways employees put sensitive information at risk. But there are some security mistakes IT departments are making on their own, according to recent research.  In a recent study, the Ponemon Institute looked at 60 organizations that had been hit with cyber attacks in the past [...]

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Facebook Graph Search: New privacy threats

Protecting Facebook privacy is getting tougher as new features and policies make it easier to find information on all users of the social networking site. Here are some tips you can pass along to employees to help keep them safe.  When Facebook’s Graph Search was first announced earlier this year, many privacy experts warned of the potential [...]

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Where Finance Belongs on the IT Agenda

When the economy is stable, a company’s IT organization may view Finance as just one of many internal customers competing for attention. But in the current recession, “the longest and nastiest since the Great Depression,” sudden shifts in revenue, costs, and the availability of credit can threaten even the most well capitalized companies. IT and [...]

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cyber-attack (1)

Cost of data breaches: 16 million individuals compromised

As data breaches become a bigger danger for companies, individual consumers are suffering a lot of damage, too. And those risks are playing a big role in where people choose to take their business.  Breaches are widespread and dangerous for individuals. In 2012, 16 million Americans’ records were notified by an organization of a data [...]

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U.S. companies lose $5.4 million due to ‘zombie’ devices

We’ve written before about the money companies are wasting because they still pay for mobile devices that are no longer in use or are being used by people no longer with the company. Now a new report shows the number of those “zombie” devices is growing in businesses.  When organizations decommission phones that had been [...]

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Finance leaders, other execs need to learn more about cloud computing

As we’ve discussed before, IT decisions are no longer made by only the IT department. Due to the consumerization of technology, Finance leaders and the heads of other departments are getting more power to choose where tech dollars are being spent. In order to make smart decisions, those non-IT leaders may want to increase their [...]

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