Finance

43 articles
CFOs Face New Frontiers

CFOs Face New Frontiers

Historically, CFOs perform operational initiatives that center around the financial aspect of a business. This has often consisted of mainly back-office tasks. However, new studies show a growing need for CFOs to expand beyond the operational aspect of a business to participate in more strategic decisions regarding the organization as a whole. CFOs are increasingly called upon to partner with…
Labor Costing Strategies to Run Your Organization like a CCBHC

Labor Costing Strategies to Run Your Organization like a CCBHC

The Department of Health and Human Services recently awarded $22.9 Million in Planning Grants to 24 states to be used to develop Certified Community Behavioral Health Clinics (CCBHCs). A CCBHC can be described as a behavioral health specialty center of excellence. This center partners with a wide array of health and social service entities to provide high-value, whole-health care to…
May 2016 FLSA Ruling

May 2016 FLSA Ruling

The Department of Labor (DOL) has released the final regulation changes to Part 541, which governs overtime under the Fair Labor Standards Act (FLSA). These changes will directly affect employee status, pay, and more. These changes will go into effect on December 1, 2016. What has been changed? Increased salary threshold: The new ruling doubles the salary threshold for exempt…
HR vs Finance: Why Can’t We Be Friends?

HR vs Finance: Why Can’t We Be Friends?

Redsox vs Yankees, Microsoft vs Apple, Dunkin Donuts vs Starbucks - all of these rivalries have long, colorful histories behind them. However, rivalries are not confined to sports teams or corporate competitors. A grueling and long-fought rivalry takes place everyday at your organization; HR vs Finance. HR is mainly viewed as a department that deals with the people at an…
Adding Up the Benefits of HCM

Adding Up the Benefits of HCM

Human Capital Management allows organizations to manage their workforce in a more effective and efficient manner. As the business environment becomes more and more complex, organizations are recognizing the positives that come with investing in an HCM system. However, many organizations are still reluctant to change their current systems and continue to manage their workforce through inefficient processes that require…
The Breakdown of a W-2

The Breakdown of a W-2

With April 15th right around the corner, getting your taxes filed is of the utmost importance. For many individuals, your W-2 is a key component to this process, but what do all these boxes mean? While some of the boxes may seem straightforward, many of them can be rather confusing. Here is a breakdown of what the boxes actually mean:…
Best-In-Class Payroll Practices

Best-In-Class Payroll Practices

Payroll isn’t just paying your employees for their hard hours worked; it’s much more than that. Payroll practices include hiring and firing, salaries, absence management, benefits, bonuses, and more. Along with all of these areas, payroll is also directly associated with Tax & Accounting, where a variety of laws come into play. Between regular tax law, overtime laws, and filing…
Data Integration Models for Pay-for-Performance: A CFO Perspective

Data Integration Models for Pay-for-Performance: A CFO Perspective

Human services organizations are currently working on strategies to manage the changing landscape of value-based purchasing and pay-for-performance. As this new era continues to evolve, many C-Suites are challenged with preparing their organizations to meet the demands of new payment models. The first, and most crucial, step to managing these changes is to ensure that the organization has the right tools in…
How To Love Your HR Software

How To Love Your HR Software

February is a month dedicated to showing your love and appreciation for the people and things around you. Unfortunately, that love and appreciation isn’t always directed at your HR Software. As the workforce becomes more and more complex, organizations are struggling to adopt systems and technology to manage the modern workforce. Some HR departments are still looking at their HR…
Preparing for a Business Audit

Preparing for a Business Audit

Tax Audit. The simple phrase is enough to send chills down a business owner’s spine. However, if a tax audit is prepared properly, the chills and uneasy feelings will become obsolete. In many cases, when the IRS contacts you about your return, it’s a simple matter. It could be a math error, or a request for further documentation for a…