Finance

43 articles
The Expanding Roles of the CFO

The Expanding Roles of the CFO

The CFO position is incredibly diverse and constantly changing. Traditionally, the CFO wears hats in accounting and strategy, but has seen a recent increase in time spent within the HR and IT departments. The increased influence in HR and IT comes with a myriad of new concepts the CFO needs to learn and take responsibility for. According to Robert Half…
How to Handle Unpaid Wages

How to Handle Unpaid Wages

After putting in your hard work day in and day out, the last thing you want to find out is that you did not get paid for your time worked. This blog addresses several scenarios in which you may have unpaid wages and how to deal with each of them. However, before you take any of these steps, you should…
Taxability of Cafeteria Plans

Taxability of Cafeteria Plans

A cafeteria plan allows employees to elect whether they would like to receive cash or taxable benefits as opposed to other qualified benefits that result in an exclusion from wages. Due to the fact that the employee has the option to receive cash or a taxable benefit under this plan, the qualified benefit is not taxable. The list below outlines…
Unleash Your HR Department

Unleash Your HR Department

Today, HR professionals spend up to 80% of their time focusing on administrative tasks and paperwork. Although documents must be completed and organizations need to be checked and balanced, the endless amount of paperwork and administrative obstacles that HR professionals go through on a daily basis takes up valuable time that could be spent elsewhere. An organization’s biggest asset is…
What is Nontaxable Income?

What is Nontaxable Income?

The IRS has ruled that income may be received in the form of money, property, or services and is taxable unless specifically excluded by law. While nontaxable income may still have to be shown on your tax return, it is as the name implies, not taxable. Here are just a few of the more common types of nontaxable income: Gifts…
The Effects of the Same-Sex Marriage Ruling on Taxes and Benefits

The Effects of the Same-Sex Marriage Ruling on Taxes and Benefits

The Supreme Court’s recent ruling on same-sex marriage could have many implications on taxes and benefits offered by employers. In short, this ruling will simplify the process of meeting the legal requirements for taxes and employee benefits. Under the new ruling, there is technically only one type of spouse. While many states already offered benefits to same-sex couples, the Supreme…
A Quick Guide to Fringe Benefits

A Quick Guide to Fringe Benefits

A fringe benefit is an additional benefit supplementing an employee’s salary. When any type of service is performed for you, you are classified as the recipient of a benefit. On the other hand, when you perform a service for another party, you are classified at the provider of a benefit. Fringe benefits are a complex concept that often leaves employers…
Using Unified Data to Ensure ACA Compliance

Using Unified Data to Ensure ACA Compliance

New regulations and workforce challenges in today’s business environment can make it feel like we are driving at full speed through a rapidly shifting landscape. In particular, the ACA is proving to be a major roadblock for many organizations. Although we have received many warnings, it seems that the ACA reporting requirements have caught organizations off guard. Many organizations have…
Your Roadmap to ACA Compliance

Your Roadmap to ACA Compliance

Do you have the proper tools to navigate the ACA? Many organizations are concerned about new regulatory requirements that they perceive as looming in the distance. There have been signs along the way, but 65% of organizations still feel they are not fully-equipped with the right tools to comply with the rules and regulations of the ACA. Many companies are…
The Deadly Costs of an Outdated HR System

The Deadly Costs of an Outdated HR System

Today, it seems as though the only thing constant in our work environment is change. Technological advancements and organizational growth are driving changes in the way we manage employees, recruit talent, analyze data, and more. However, some organizations are still trying to manage this modern workforce with old tools and processes- resulting in high costs and inefficiencies. As these costs…