Going Concern

SEPTEMBER 15, 2023

Chattanooga Times Free Press has written quite the story about legacy accounting firm Croft & Frost abruptly laying everyone off earlier this week after months of issues making payroll. “There may be a slight delay on the payroll,” he said. Thanks to the tipsters who sent this over because holy s**t.

accounting firms 126

accounting firms payroll South Dakota North Dakota 126

xendoo

JULY 15, 2022

Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. How to Set Up Payroll. Luckily, we’ve put together this guide on how to set up payroll, with some insider accountant tips to make it less painstaking for business owners. .

payroll 59

payroll payroll tax income tax Tax 59

SkagitCountyTaxServices

MAY 12, 2021

You probably didn’t realize that there are actual pros and cons to expense reimbursement for employees, etc. If you run such a business in Skagit County, or know somebody that does, funds are available to help with payroll and rent. Now, let’s dive into handling business expenses paid by employees.

Expense Reimbursements 40

Expense Reimbursements Employee Expense Reimbursement Tax audit 40

ThomsonReuters

MARCH 5, 2024

Among these were several payroll-related provisions that are set to expire at the end of 2025, presenting challenges and opportunities for employers and employees alike. Possibility of retroactive changes He also believes that “from a payroll perspective…whatever changes come, they’re going to come late.”

Tax 98

Tax payroll Expense Reimbursements Gaming 98

Withum

OCTOBER 7, 2024

Expenses paid under an accountable plan are not treated as income to the employee. If not properly reported and documented, business-related expense reimbursements can be considered taxable compensation to employees and therefore subject to applicable payroll taxes. What is an accountable plan?

Expense Reimbursements 59

Expense Reimbursements Account accountant accounted 59

Patriot Software

OCTOBER 14, 2022

Sometimes, an employee might pay for a business expense out of their own pocket. When that happens, you can reimburse the employee. An employee expense reimbursement does come with some complications. Are reimbursements taxable? Do you need to report the reimbursement? What are expense reimbursements?

Employee Expense Reimbursement 71

Employee Expense Reimbursement Expense Reimbursements payroll 71

Xero

SEPTEMBER 28, 2022

Business apps are designed to help run your business, by assisting with common challenges such as invoicing , payroll , time tracking , reporting and inventory management. For example, expense management apps make it faster than ever to review expenses, reimburse employees, and close your books each month.

Technology 99

Technology Expense Reimbursements payroll Expense Management 99

Patriot Software

AUGUST 30, 2022

Adoption assistance benefits are payments and expense reimbursements employers provide to employees […] READ MORE. If so, read on to review the benefits of providing adoption assistance and the steps you need to take. What are adoption assistance benefits?

Expense Reimbursements 73

Expense Reimbursements payroll 73

Withum

NOVEMBER 3, 2022

With the audit underway, and as Jack evaluated the union’s process, they found that among Sherry’s responsibilities, she reviewed and approved employee expense reimbursements, processed payroll (through which employee reimbursements were processed), and managed special events.

Employee Expense Reimbursement 52

Employee Expense Reimbursement Expense Reimbursements Employee Reimbursement Software cpas 52

PYMNTS

JANUARY 22, 2021

The company offers a range of services, including business accounts, commercial cards, bill payment, expense reimbursement and accounting. The company connects businesses to human resources management technology, including payroll solutions, with a price-per-employee model that aims to make itself accessible for smaller businesses.

B2B 81

B2B Expense Reimbursements Technology Expense Management 81

PYMNTS

MARCH 1, 2020

The added protections would include a minimum earnings guarantee, expense reimbursement, a healthcare subsidy and insurance to cover on-the-job injuries. The initiative would create an alternative to AB5 which keeps employees classified as independent contractors but increases their worker protections.

California 61

California Expense Reimbursements payroll tax Healthcare 61

PYMNTS

OCTOBER 19, 2018

The enhancement supports employee expense reimbursements as well as micropayment disbursement and payment to employees for travel allowances to support mobile workforces, Microsoft said at the time. The solution, developed with the Commonwealth Bank of Australia , is set to go live next year.

Expense Management 55

Expense Management Employee Expense Reimbursement Expense Reimbursements Healthcare 55

PYMNTS

JANUARY 29, 2020

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. Unusual or unexpected expenses could also crop up each year. Digitizing these processes can ease SMBs’ tax frustrations.

Tax 56

Tax Technology Spend Management Expense Reimbursements 56

PYMNTS

MARCH 9, 2020

The growing demand for real-time employee expense reimbursement and instant payroll has surprised TCH, for example, but RTP’s flexibility means it can be leveraged for such purposes without any adjustments to the network. Such actions ensure that the offerings remain relevant to emerging needs and unanticipated uses.

Employee Expense Reimbursement 81

Employee Expense Reimbursement Expense Reimbursements Government accounting and finance 81

PYMNTS

SEPTEMBER 23, 2019

In an interview with PYMNTS , Karin Rush and Linnet Phoenix of DPR Construction explain how virtual cards and purchasing card technologies keep its network of subcontractors from avoiding financial hardship by speeding up payment and expense reimbursement. Virtual cards are a form of ePayables that act like a traditional credit card.

Construction 67

Construction Expense Reimbursements Agriculture Technology 67

Basis 365

FEBRUARY 1, 2024

Invoices languish in email inboxes, expense reports get lost in paper trails, and payroll processing involves manual calculations. Their robust, cloud-based software integrates seamlessly with payroll, inventory management, and customer relationship management platforms. In most cases, you should choose accrual accounting.

accounting system 59

accounting system Account accountant accounted 59

PYMNTS

NOVEMBER 7, 2018

The most common use case for electronic corporate payments is employee payroll, which is digital for 72 percent of survey respondents. Only 13 percent said they’re using virtual cards.

B2B 58

B2B Expense Reimbursements accounts payable Technology 58

Basis 365

JUNE 15, 2023

Payroll Fraud: Manipulating payroll records to inflate hours or create fictitious employees. Expense Reimbursement Fraud: Submitting false expense reports for personal expenses. Types of Bookkeeper Fraud Skimming: The diversion of funds before they are recorded in the books.

bookkeeping 52

bookkeeping Employee Expense Reimbursement Expense Reimbursements auditor 52

PYMNTS

OCTOBER 21, 2019

PNC noted that it will deploy its own automated payments routing solution within its employee expense reimbursement program to optimize reimbursement payments made to staff.

Technology 40

Technology Employee Expense Reimbursement Expense Reimbursements B2B 40

PYMNTS

SEPTEMBER 16, 2019

Shifting away from cash and manual expense reports can lower the risk of employees stealing funds. However, payroll redirect fraud, invoice fraud and other risks can still be perpetrated by bad actors from within the organization. Software is not, of course, a catch-all solution to the risk of fraud.

Technology 53

Technology Accounts Payable Automation accounts payable Expense Reimbursements 53

PYMNTS

JULY 25, 2018

While the conversation may be dominated by corporates’ ongoing use of paper checks, one would be hard-pressed to find a company that uses only paper checks for everything — payroll, AP and so on.

Technology 48

Technology Expense Reimbursements Spend Management accounts payable 48

PYMNTS

MAY 5, 2017

Frew sees that “push payments in a box” approach enabling similar opportunities for recipients to get paid for all types of use cases, including payroll, expense reimbursement, government payments and more. Time to Write Off the Paper Check?

Expense Reimbursements 46

Expense Reimbursements accounting and finance payroll Government 46

ThomsonReuters

JULY 16, 2024

Additionally, the law expands cure rights for employers, allowing them to address violations related to wage statements, meal and rest breaks, minimum wage, overtime, and expense reimbursement claims. “I want to cure these right away, that way I can decrease liability,” Siegel explained.

California 52

California Legal Expense Reimbursements accountant 52

ThomsonReuters

MARCH 15, 2023

Payroll on Checkpoint asked  Jeffrey Paravano , partner at  BakerHostetler  and leader of the firm’s national tax practice group, to share his thoughts. ​ ​Extension of statute of limitations​ The IRS recently issued another alert to businesses and tax practitioners regarding scams related to the employee retention credit (ERC).

payroll tax 52

payroll tax payroll Tax Construction 52