CFO Daily News https://www.businesswatchnetwork.com/rss en-us Employee benefits: Latest data shows what employers are offering now While providing comprehensive employee benefits may be expensive, it’s well worth the investment to stay competitive with your peers and retain your best people. Other companies are offering employees a host of benefits. And they’re using them at significant rates... While providing comprehensive employee benefits may be expensive, it’s well worth the investment to stay competitive with your peers and retain your best people. Other companies are offering employees a host of benefits. And they’re using them at significant rates...

]]> http://www.businesswatchnetwork.com/articles/8571 Fri, 04 Feb 2022 10:03:54 -0500 https://www.businesswatchnetwork.com/articles/8571-employee-benefits-latest-data-shows-what-employers-are-offering-now Out-of-policy spending spiking this month This holiday season, many of your employees are feeling extra generous… with your company’s money! Out-of-policy spending skyrockets in December. So say the folks at AppZen. The company used... This holiday season, many of your employees are feeling extra generous… with your company’s money! Out-of-policy spending skyrockets in December. So say the folks at AppZen. The company used...

]]> http://www.businesswatchnetwork.com/articles/6392 Fri, 13 Dec 2019 04:00:00 -0500 https://www.businesswatchnetwork.com/articles/6392-out-of-policy-spending-spiking-this-month Out Of Policy Spending Are your company’s 1099s and W-2s error-free? 4 best practices Of all the strict IRS requirements your finance team strives to meet at year-end, accurate 1099s and W-2s hit the top of the list. The good news is... Of all the strict IRS requirements your finance team strives to meet at year-end, accurate 1099s and W-2s hit the top of the list. The good news is...

]]> http://www.businesswatchnetwork.com/articles/6395 Fri, 13 Dec 2019 01:00:00 -0500 https://www.businesswatchnetwork.com/articles/6395-are-your-companys-1099s-and-w-2s-error-free-4-best-practices 1099 And W2 Best Practices Warning: Work negatively impacting Finance’s mental health Now’s a good time to check in on your staffers’ stress levels. A disturbing 56.7% of accounting professionals said their workplace has a negative impact on their mental health. That’s more than any other profession recently surveyed by Fishbowl. With... Now’s a good time to check in on your staffers’ stress levels. A disturbing 56.7% of accounting professionals said their workplace has a negative impact on their mental health. That’s more than any other profession recently surveyed by Fishbowl. With...

]]> http://www.businesswatchnetwork.com/articles/6360 Wed, 27 Nov 2019 04:00:00 -0500 https://www.businesswatchnetwork.com/articles/6360-warning-work-negatively-impacting-finances-mental-health Work Negatively Impacting Finances Mental Health 2020 pension plan limits released by IRS: Your new numbers IRS just issued new pension plan limits for next year. And the overwhelming majority are going up over this year’s numbers. The year-end updates just keep on coming... IRS just issued new pension plan limits for next year. And the overwhelming majority are going up over this year’s numbers. The year-end updates just keep on coming...

]]> http://www.businesswatchnetwork.com/articles/6361 Wed, 27 Nov 2019 03:00:00 -0500 https://www.businesswatchnetwork.com/articles/6361-pension-plan-limits-released-by-irs-your-new-numbers 2020 Pension Plan Limits Released By IRS Cost reduction targets missed by 81% of companies Cost reduction remains top-of-mind for your fellow CFOs: 84% of U.S. companies plan to undertake new initiatives in the next 24 months. Too bad few of them will succeed... Cost reduction remains top-of-mind for your fellow CFOs: 84% of U.S. companies plan to undertake new initiatives in the next 24 months. Too bad few of them will succeed...

]]> http://www.businesswatchnetwork.com/articles/6337 Fri, 08 Nov 2019 04:00:00 -0500 https://www.businesswatchnetwork.com/articles/6337-cost-reduction-targets-missed-by-81-of-companies Cost Reduction Targets The phishing email most likely to scam Finance Phishing emails allegedly from social media sites have transformed into a top target for cyber-criminals. And of all social media... Phishing emails allegedly from social media sites have transformed into a top target for cyber-criminals. And of all social media...

]]> http://www.businesswatchnetwork.com/articles/6326 Thu, 07 Nov 2019 04:00:00 -0500 https://www.businesswatchnetwork.com/articles/6326-the-phishing-email-most-likely-to-scam-finance Phishing Email Most Likely To Scam Finance Social Security taxable wage base for 2020 released The Social Security Administration (SSA) just issued the taxable wage base for 2020. And it’s higher than what was predicted back in the spring. The magic number Payroll needs... The Social Security Administration (SSA) just issued the taxable wage base for 2020. And it’s higher than what was predicted back in the spring. The magic number Payroll needs...

]]> http://www.businesswatchnetwork.com/articles/6290 Thu, 24 Oct 2019 00:00:00 -0400 https://www.businesswatchnetwork.com/articles/6290-social-security-taxable-wage-base-for-2020-released Social Security Taxable Wage Checklist: 10 core components for your next vendor survey The relationships your department forms with trading partners can have a big impact on your financial success and well-being. When relationships are positive... The relationships your department forms with trading partners can have a big impact on your financial success and well-being. When relationships are positive...

]]> http://www.businesswatchnetwork.com/articles/6275 Wed, 16 Oct 2019 02:00:00 -0400 https://www.businesswatchnetwork.com/articles/6275-checklist-10-core-components-for-your-next-vendor-survey Checklist Vendor Survey 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... 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...

]]> http://www.businesswatchnetwork.com/articles/6276 Wed, 16 Oct 2019 01:00:00 -0400 https://www.businesswatchnetwork.com/articles/6276-qualities-every-internal-auditor-needs-does-yours-have-them 5 Internal Auditor Traits Pay errors: The 4 most common reasons behind ’em Any company can be vulnerable to pay errors, no matter how careful your payroll staffers are. And if those errors make an employee’s pay late, you can bet... Any company can be vulnerable to pay errors, no matter how careful your payroll staffers are.  And if those errors make an employee’s pay late, you can bet...

]]> http://www.businesswatchnetwork.com/articles/6257 Fri, 11 Oct 2019 01:00:00 -0400 https://www.businesswatchnetwork.com/articles/6257-pay-errors-the-4-most-common-reasons-behind-em Pay Errors The major sales tax trend affecting Finance now Right now, there’s a notable sales tax trend sweeping through states. And if your company hasn’t been impacted yet, it will be soon. States are changing their tune on who can pay sales tax on purchases. Many have passed laws allowing... Right now, there’s a notable sales tax trend sweeping through states. And if your company hasn’t been impacted yet, it will be soon.

States are changing their tune on who can pay sales tax on purchases. Many have passed laws allowing...

]]> http://www.businesswatchnetwork.com/articles/6238 Thu, 03 Oct 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6238-the-major-sales-tax-trend-affecting-finance-now Sales Tax Trend Final overtime rules released: Your new threshold Get ready to open your wallet wider! The Department of Labor (DOL) just released the final overtime rules. And they’re expected to... Get ready to open your wallet wider! The Department of Labor (DOL) just released the final overtime rules. And they’re expected to...

]]> http://www.businesswatchnetwork.com/articles/6239 Thu, 03 Oct 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/6239-final-overtime-rules-released-your-new-threshold Your New Threshold States eye unclaimed property: How to stay compliant this fall With fall reporting deadlines right around the corner for Finance, you may want to take a second look at your company’s process... With fall reporting deadlines right around the corner for Finance, you may want to take a second look at your company’s process...

]]> http://www.businesswatchnetwork.com/articles/6205 Tue, 17 Sep 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6205-states-eye-unclaimed-property-how-to-stay-compliant-this-fall States Eye Unclaimed Property Business email compromise: 3 things you don’t know that could cost you 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… 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…

]]> http://www.businesswatchnetwork.com/articles/6202 Fri, 13 Sep 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/6202-business-email-compromise-3-things-you-dont-know-that-could-cost-you Hiring in Finance: Legally, what can and can’t you say? Any time Finance is looking to bring on new staffers, you must ensure the interview process is carried out smoothly and soundly. In today’s age... Any time Finance is looking to bring on new staffers, you must ensure the interview process is carried out smoothly and soundly.

In today’s age...

]]> http://www.businesswatchnetwork.com/articles/6177 Tue, 03 Sep 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6177-hiring-in-finance-legally-what-can-and-cant-you-say Interview Invoice fraud? 4 telltale signs someone’s scamming your company On most days, your finance staffers fly through invoices quickly and methodically. But once in a while, they may come across an invoice that causes them to take pause. With payment fraud at a record high now... On most days, your finance staffers fly through invoices quickly and methodically. But once in a while, they may come across an invoice that causes them to take pause.

With payment fraud at a record high now...

]]> http://www.businesswatchnetwork.com/articles/6175 Fri, 30 Aug 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/6175-invoice-fraud-4-telltale-signs-someones-scamming-your-company Invoice Busted! Employer catches employee on social media abusing FMLA leave FMLA leave costs your company enough when employees take it legitimately... then you catch an employee trying to scam you! Unfortunately it happens a lot, though probably not as... FMLA leave costs your company enough when employees take it legitimately... then you catch an employee trying to scam you!

Unfortunately it happens a lot, though probably not as...

]]> http://www.businesswatchnetwork.com/articles/6174 Fri, 30 Aug 2019 00:00:00 -0400 https://www.businesswatchnetwork.com/articles/6174-busted-employer-catches-employee-on-social-media-abusing-fmla-leave Sick In Bed Big finance presentation? Combat these 4 pitfalls to stay on track When it comes time to present annual numbers or important updates at your company, you want to guarantee it goes swimmingly. But you know nothing’s foolproof. When it comes time to present annual numbers or important updates at your company, you want to guarantee it goes swimmingly. 

But you know nothing’s foolproof.

]]> http://www.businesswatchnetwork.com/articles/6148 Thu, 15 Aug 2019 02:00:00 -0400 https://www.businesswatchnetwork.com/articles/6148-big-finance-presentation-combat-these-4-pitfalls-to-stay-on-track Team Presentation 17 reasons you need women managers on your finance team If at least some of the people leading your accounting and finance teams aren’t women, you’re missing a major opportunity. Turns out... If at least some of the people leading your accounting and finance teams aren’t women, you’re missing a major opportunity.

Turns out...

]]> http://www.businesswatchnetwork.com/articles/6134 Wed, 07 Aug 2019 01:00:00 -0400 https://www.businesswatchnetwork.com/articles/6134-reasons-you-need-women-managers-on-your-finance-team Young Businesswoman New IRS rule changes your year-end prep Your company will soon be able to take a new step to protect employees’ sensitive info at year-end – IRS just issued a final rule that lets employers voluntarily truncate employee Social Security numbers (SSNs) on W-2s. This isn’t the first change... Your company will soon be able to take a new step to protect employees’ sensitive info at year-end – IRS just issued a final rule that lets employers voluntarily truncate employee Social Security numbers (SSNs) on W-2s.

This isn’t the first change...

]]> http://www.businesswatchnetwork.com/articles/6122 Fri, 02 Aug 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6122-new-irs-rule-changes-your-year-end-prep Internal Revenue Service 4 compliance changes for Finance in the new Taxpayer First Act Prepare your finance staffers now: Year-end may soon look different than it has in the past, thanks to the just-signed Taxpayer First Act. The new federal law seeks to improve and modernize IRS for the first time in decades, as well as improve taxpayer security in the wake of massive spikes in identity theft and other security threats. And... Prepare your finance staffers now: Year-end may soon look different than it has in the past, thanks to the just-signed Taxpayer First Act.

The new federal law seeks to improve and modernize IRS for the first time in decades, as well as improve taxpayer security in the wake of massive spikes in identity theft and other security threats.

And...

]]> http://www.businesswatchnetwork.com/articles/6099 Mon, 22 Jul 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6099-compliance-changes-for-finance-in-the-new-taxpayer-first-act Internal Revenue Service The 20 most outrageous things employees expense - the latest list They’re still at it! Employees continue to think your company will reimburse them for things from wacky to outright outrageous... They’re still at it! Employees continue to think your company will reimburse them for things from wacky to outright outrageous...

]]> http://www.businesswatchnetwork.com/articles/6079 Thu, 11 Jul 2019 01:00:00 -0400 https://www.businesswatchnetwork.com/articles/6079-the-20-most-outrageous-things-employees-expense---the-latest-list How efficient are your company’s T&E turnaround times? The old saying “Time is money” rings true for your travel reimbursement process. You know that the sooner expense reports are approved and paid, the better. Not only does quick reimbursement keep employees happy (and therefore, more compliant), it means... The old saying “Time is money” rings true for your travel reimbursement process.

You know that the sooner expense reports are approved and paid, the better. Not only does quick reimbursement keep employees happy (and therefore, more compliant), it means...

]]> http://www.businesswatchnetwork.com/articles/6074 Mon, 24 Jun 2019 04:00:00 -0400 https://www.businesswatchnetwork.com/articles/6074-how-efficient-are-your-companys-te-turnaround-times How efficient are your companys T&E turnaround times The key area where managers are overspending… by a lot Of course your company wants to attract the best and brightest employees. But you certainly don’t want to overspend to do it. And that’s just what’s happening in many companies. Hiring managers are offering candidates on average... Of course your company wants to attract the best and brightest employees. But you certainly don’t want to overspend to do it. And that’s just what’s happening in many companies.

Hiring managers are offering candidates on average...

]]> http://www.businesswatchnetwork.com/articles/6071 Fri, 21 Jun 2019 02:00:00 -0400 https://www.businesswatchnetwork.com/articles/6071-the-key-area-where-managers-are-overspending-by-a-lot Cash Money in the Wind The best – and worst – state economies: Where did yours land on the list? We’re always keeping an eye on how the U.S. economy is faring as a whole: reading the reports, watching the indicators. Understandable, of course. But... We’re always keeping an eye on how the U.S. economy is faring as a whole: reading the reports, watching the indicators. Understandable, of course. But...

]]> http://www.businesswatchnetwork.com/articles/6034 Mon, 10 Jun 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/6034-the-best-and-worst-state-economies-where-did-yours-land-on-the-list How Finance can effectively handle a workplace investigation Whether it’s occupational fraud, a staffer dispute or another sticky situation, every company is susceptible to a workplace investigation. And all workplace investigations, even those you aren’t directly involved in... Whether it’s occupational fraud, a staffer dispute or another sticky situation, every company is susceptible to a workplace investigation.

And all workplace investigations, even those you aren’t directly involved in...

]]> http://www.businesswatchnetwork.com/articles/6036 Mon, 10 Jun 2019 02:00:00 -0400 https://www.businesswatchnetwork.com/articles/6036-how-finance-can-effectively-handle-a-workplace-investigation How Finance can effectively handle a workplace investigation A compelling case to change all those finance passwords pronto You know what makes a bad password: 12345, 11111 or even password itself! But there’s new research on the passwords that get hacked the most often. And they’re different from the usual suspects. More importantly... You know what makes a bad password: 12345, 11111 or even password itself! But there’s new research on the passwords that get hacked the most often. And they’re different from the usual suspects.

More importantly...

]]> http://www.businesswatchnetwork.com/articles/6005 Tue, 28 May 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/6005-a-compelling-case-to-change-all-those-finance-passwords-pronto Computer Hacker IRS audit survival guide: 4 compliance keys for Finance Few things are quite as headache-provoking as the thought of IRS auditors scrutinizing your company’s financial records, one by one. Of course... Few things are quite as headache-provoking as the thought of IRS auditors scrutinizing your company’s financial records, one by one.

Of course...

]]> http://www.businesswatchnetwork.com/articles/6006 Tue, 28 May 2019 02:00:00 -0400 https://www.businesswatchnetwork.com/articles/6006-irs-audit-survival-guide-4-compliance-keys-for-finance IRS Desk 3 top invoice process challenges Finance can tackle today To operate effectively, stay compliant and keep trading partners content, your company needs a best-in-class invoice process. But too often... To operate effectively, stay compliant and keep trading partners content, your company needs a best-in-class invoice process.

But too often...

]]> http://www.businesswatchnetwork.com/articles/5961 Tue, 14 May 2019 03:00:00 -0400 https://www.businesswatchnetwork.com/articles/5961-top-invoice-process-challenges-finance-can-tackle-today Invoice