Everyone is on social media these days, including businesses and their customers. This creates a natural — or shall we say virtual — nexus for companies to field questions, comments and complaints from buyers or those interested in their products … [Read more...]
How businesses can use stress testing to improve risk management
If you’ve been following the news lately, you’ve surely heard or read about the sudden rise in concern about the banking industry. Although the story is still unfolding, an important lesson for business owners is already clear: You’ve got to be … [Read more...]
Comply carefully with COBRA notice of termination rules
Consider the following scenario: To streamline administration of continuing health care coverage under the Consolidated Omnibus Budget Reconciliation Act (COBRA), an employer decides to neither send bills for COBRA premiums nor provide reminders when … [Read more...]
ACA penalties will rise in 2024
Recently, the IRS announced 2024 indexing adjustments to the applicable dollar amount used to calculate employer shared responsibility penalties under the Affordable Care Act (ACA).Although next year might seem a long way off, it’s best to get an … [Read more...]
Are employees taxed on frequent flyer miles earned through business travel?
With business travel ramping back up again, employers might start fielding questions from staff about the tax treatment of travel-related fringe benefits.For example, when your employees fly on business, some may earn frequent flyer miles. Should … [Read more...]
Keep an eye out for executive fraud
Occupational fraud can be defined as crimes committed by employees against the organizations that they work for. Perhaps its most dangerous variation is executive fraud — that is, wrongdoings by those in the C-Suite. Senior-level execs are in a prime … [Read more...]
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