A missed federal payroll tax deposit can trigger hefty penalties -- they just went up on July 1. But a new IRS program could provide automatic penalty relief for eligible employers with a strong compliance history. The IRS's Automatic Exemption…
Accounting
Employers located or doing business in the U.S. Virgin Islands may avoid the 2026 FUTA credit reduction flagged earlier this year. The territory has officially repaid the federal loan principal that put it on the list, the Virgin Islands Department…
Finance departments have spent years investing in automation, but spreadsheets still handle much of the work. A recent survey by AutoRek puts numbers behind that reality: 90% of finance teams still rely on spreadsheets for their operations. For many teams,…
The median time to complete a monthly financial close is six days – and for some organizations, it takes as long as 10, according to the American Productivity & Quality Center (APQC). Organizations that take too long to complete their…
Finance teams have always known expense fraud is a problem. What's changed is the scale, the motivation, and the profile of who's doing it. New data from two major studies gives Finance a clearer picture than ever before. The Profile…
A change to U.S. tax policy might save your business hundreds of thousands of dollars -- and most companies have no idea it exists. The U.S. has been recognized as a global hub for tech companies since the late 1990s,…
Spirit Airlines didn't fail overnight. The collapse was years in the making – a compounding sequence of financial decisions that any corporate finance team can learn from, regardless of industry. Over the weekend, Spirit canceled all flights, ending a 34-year…
There's an old joke in the corporate world: Accountants are the people who tell you exactly where you've been — but never where you should go. For a long time, that joke was kind of true. Accounting used to be…
Managing cash flow is one of the most pressing challenges finance teams contend with. T&E programs are a large and variable part of company budgets, and the latest research from Navan, The State of Corporate Travel and Expense, shows that…
It’s December, and month-end still isn’t closed. Day six drags on with bank recs unfinished and support scattered across spreadsheets while auditors ask for schedules your team isn’t ready to release. Ledge’s 2025 month-end close benchmarks report shows that half…
For finance leaders, not many responsibilities are as stressful (or as important) as closing the books. The financial close aims to make sure statements are accurate, compliant, and ready for reporting. For many organizations, however, this task can stretch on…
One-week paycheck delays would leave nearly eight in 10 U.S. workers scrambling to cover bills, according to PayrollOrg’s 2025 Getting Paid In America survey. That’s up slightly from 77% in 2024, showing that financial stress hasn’t eased up for the…
