Wed.Nov 06, 2024

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Department of Labor recovers $877K in wages from NYC federal contractors 

Due

The US Department of Labor has recovered $877K in wages and benefits for employees of New York City federal contractors. Discover Electric Inc., EMG Industrial Chimney Inc., and QNCC Electrical Contracting Corp. were embroiled in an investigation into employees who were underpaid for their work on two New York construction projects. The U.S. Department of Housing and Urban Development funded these projects.

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Steer Clear of These Common Budgeting Mistakes for Your Business

Accounting Department

Creating a budget is essential for any business aiming for long-term success. As a business owner or CFO of a small to medium-sized enterprise, you might have faced the difficulties involved in developing and executing a budget.

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Tips for a Successful Phone Conversation

Credit Management Group UK

After establishing my argument as to why telephone conversation can be much more effective than emailing; I have compiled a list of tips for a successful phone conversation that can encourage a positive outcome for your business, no matter what industry. Prepare beforehand for a Successful Phone Conversation Having all the information you have on a particular matter greatly limits the risk that you won’t know the answer questions asked of you; read over any notes and emails you have regarding th

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Eliminate manual work and reduce late payments with Chaser and Sage 50

Chaser

Chaser has launched a new integration with Sage 50, an established accounting software designed for small and medium-sized enterprises (SMEs). This new integration aims to help businesses using Sage 50 streamline their accounts receivable processes, reduce overdue invoices, and protect cash flow.

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Waystar True North™ 2024: 3 tips for healthcare revenue cycle leaders

Waystar

This fall, hundreds of healthcare finance leaders and Waystar clients met for the annual Waystar True North Conference. Over three days, attendees discussed important issues such as leveraging AI, safeguarding data, and managing rising transaction volume. They uncovered key software advancements that are simplifying healthcare payments through dozens of sessions, workshops, and events.

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Retirement in the Gig Economy: Pros and Cons for Workers

Due

The gig economy is growing rapidly, accounting for 12% of the labor market. More workers are relying on freelance and contract jobs than ever before. Consequently, this shift to gig-based work brings significant changes, especially when planning for retirement. Simply put, traditional retirement structures, such as employer-sponsored pension plans, do not align well with the realities of freelance and contract work.

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Lyft hit with $2.1 million penalty for misleading drivers about earnings

Due

Lyft Inc. (Lyft), the vehicle-for-hire and transportation service, has been fined $2.1 million for misleading drivers about their potential earnings. The news was announced as part of a joint resolution achieved by the Justice Department and the Federal Trade Commission (FTC). Their investigation closed the civil case first filed in the U.S. District Court for the Northern District of California.

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Capital Requirements Regulation 3 Overview

Emagia

What is Capital Requirements Regulation 3? Capital Requirements Regulation 3 (CRR 3) establishes a framework for capital requirements in the banking sector. It aims to enhance the resilience and stability of banks by ensuring they hold sufficient capital. Objectives of CRR 3 The primary objectives of CRR 3 include improving risk management, increasing transparency, and promoting financial stability in the banking system.

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This Entrepreneur Went from Frozen Dinners to Financial Success: Here’s How

Due

Brett Farmiloe, the founder of Featured.com, has had a diverse and fascinating entrepreneurial journey. From surviving on Hot Pockets during a cross-country RV trip to building and selling successful businesses, Farmiloe’s journey offers valuable insights for aspiring entrepreneurs. Watch the full podcast here: What is the Hot Pocket Challenge?

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DSO Days Calculation – Guide

Emagia

DSO Days Calculation The DSO days calculation is a vital metric for businesses to understand their cash flow management. In this guide, we will explore how to accurately compute Days Sales Outstanding (DSO), a critical component for assessing a company’s efficiency in collecting receivables. Understanding DSO DSO, or Days Sales Outstanding, represents the average number of days it takes for a company to collect payment after a sale has been made.

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Trump’s Victory Signals Pro-Growth Economic Policies: Tax Cuts, Deregulation, and Tariffs

Due

The decisive victory of Donald Trump in the recent election has sent ripples through the financial markets. The stock market responded positively to the prospect of pro-growth economic policies. This reaction underscores the anticipation of significant changes in three key areas: tax cuts, deregulation, and increased tariffs. Tax Cuts: A Central Promise One of the cornerstone promises of Trump’s campaign was the implementation of widespread tax cuts.

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P.O.D. Means

Emagia

P.O.D. Means P.O.D. stands for “Paid on Delivery,” a term commonly used in shipping and logistics. Understanding the meaning of P.O.D. is essential for businesses that deal with delivery services. Definition of P.O.D. Paid on Delivery refers to a payment method where the buyer pays for goods upon delivery rather than in advance. This practice can help build trust between sellers and buyers, as it allows customers to inspect the goods before payment.

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Evolutionary, Not Revolutionary: US Election Results & the Credit Cycle

Loomis Sayles Credit Research

The United States has finally gone to the polls, and Donald Trump has been declared the winner of the presidential election. The Republican Party succeeded in capturing the Senate, but House control remains in question with many races too close to call. It could be days before we know the composition of the House as we wait for final results. Any recounts or legal challenges would further delay the resolution of the electoral races, but at this point it seems like a sweep for the Republicans wit

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What Does P.O.D. Mean?

Emagia

Meaning of P.O.D. The meaning of P.O.D. is often associated with “Proof of Delivery” or “Paid on Delivery,” depending on the context. In this article, we will delve into both meanings to provide clarity. Proof of Delivery Explained As “Proof of Delivery,” P.O.D. serves as confirmation that a shipment has been received by the customer. This documentation is crucial for logistics and shipping companies, ensuring that all parties are accountable.