Corporate culture prizes standout employees, but it is important to recognize that average workers who meet expectations also are critical to team success. This group should be celebrated to boost retention and engagement.
The road to a digital audit can be a long journey, but it starts with simple tasks. Good places to start with automation include repetitive jobs such as creating standard client letters and scanning contracts. Learn more in this podcast episode with transcript.
The majority of people with health savings accounts keep the full balance in cash, with only 9% investing any of the funds, according to a study by the Employee Benefit Research Institute. Investing at least a portion of the balance can let HSA savers better prepare for health care costs in later years.
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Taxpayers who reasonably rely on FAQ posted by the Internal Revenue Service will have a reasonable-cause penalty defense under a policy announced by the agency. The IRS will also keep original versions of FAQ on its site after it updates them.
The White House has issued a report that identifies climate change as a systemic threat and that lays out strategies that could affect investment disclosures, insurance policies and other aspects of the financial system. The country requires a road map for "measuring, disclosing, managing, and mitigating climate-related financial risk across the economy," according to the report.
Executives at banks including Bank of America and Morgan Stanley have voiced concerns about inflation, with Goldman Sachs CEO David Solomon noting "real wage inflation across all aspects of the economy."
Create real results with Jim Collins' Flywheel Framework
Join the AICPA and The Growth Faculty for Turning the Flywheel on Nov. 16 at 2 p.m. PT. In this live and interactive virtual event with "Good to Great" author Jim Collins, you'll learn to use his Flywheel concept to create and sustain business growth for decades to come. Earn 2.5 CPE credits. AICPA members save $50 on registration.
About the Association of International Certified Professional Accountants, and AICPA & CIMA
Association of International Certified Professional Accountants®
(the Association), representing AICPA® & CIMA®, advances the global accounting and finance profession through its work on behalf of 650,000 members and students in 179 countries and territories. Building on the strength and rich legacy of both membership bodies, AICPA & CIMA driven by the Association, lead on management and public accounting issues through advocacy, specialized credentials, continuing professional education, conferences and thought leadership.