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Payroll errors and how to avoid them

ThomsonReuters

For business owners, payroll is complex and often their greatest expense. For accounting professionals, payroll services have long been viewed as a time-consuming, high-risk loss leader. Payroll errors are certainly a real concern, but with the right tools and resources in place, payroll services can be a growth opportunity for firms.

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How to spot accounting fraud

ThomsonReuters

When one thinks of accounting fraud, it is likely that these are some of the cases that come to mind. However, most cases of accounting fraud will not make news headlines and can happen in companies of all sizes and industries. How widespread is corporate fraud? Do you know how to spot it?

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Top accounting issues in 2023

ThomsonReuters

Furthermore, Thomson Reuters research found that changes to tax rules is a major area of focus for employee training at firms in 2023, as 66 percent of firm leaders said they will offer such training to everyone in their firm. Deliver frequently updated news and articles about employee benefits law and compliance.

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Year-End Reminders For Chicago Small Business Owners

Nancy McClelland, LLC

The Illinois Workplace Transparency Act requires all employers to comply with the sexual harassment prevention training by December 31, 2020, and thereafter must provide annual training to all employees. It applies to any employee who works at least two hours in any two-week period. per hour for employers with 21 or more workers.

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What Are the Typical Steps in a DOL Audit?

ThomsonReuters

Generally, a plan sponsor learns of an audit when it receives a letter or phone call from the DOL’s Employee Benefits Security Administration (EBSA) advising “plan officials” of the investigation and requesting a detailed list of documents. appeared first on Tax & Accounting Blog Posts by Thomson Reuters.

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New PPP Loan for 2021

LyfeAccounting

Because of the current situation, struggling businesses need PPP funding as soon as possible, w hich means automation is needed and fraud is more likely to happen. million from a Florida ministry in a PPP fraud case. The borrower must employ no more than 300 employees, or meet an alternative size standard.

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Payroll history is launching in Australia

Xero

This week, one of our most highly requested product updates will be going live in Xero Payroll: payroll history. We listened to you, our customers and community, and will be launching the first stage of the feature in Australia – employee records. What exactly is payroll history? When will payroll history be available? .

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