Now's the Time to Review Reporting of Payments to NRAs
October 2005
Main article
The Internal Revenue Service has been implementing a large enforcement effort involving withholding and reporting compliance for payments to nonresident aliens (NRAs).
IOMA’s Latest Study Signals New Era in AP Cost-Cutting Trends;
Pay at the Top of AP Hits $84,000;
New Study Names 7 Cos. With Best Automated AP Depts.;
IRS Set to Expand Audits of Payments to Nonresident Aliens;
MAP Calendar;
News Briefs;
MAP Future Issues;
Accounts Payable Managers’ Forum.… Close Snippit | Read Article
In looking for ways to cut costs, AP departments are getting much more than they bargained for. That’s because they are looking more to the electronic processing of invoices and payments to create a paperless AP environment. The ripple effect of this effort is to allow AP to shed its image as a back-office, paper-pushing operation and transform itself into a department that can bring real value to the company. Instead of focusing on transactions, the new-breed AP department can do more analytical work and become a true business partner in the company’s management. Close Snippit | Read Article
Unless you have a vaulted title, salaries and bonuses of AP pros have not increased much over the past few years. Plus, pay is much higher at the biggest companies. Close Snippit | Read Article
A new study has identified seven companies that have successfully overhauled their AP departments using electronic invoice processing and payment technologies. As a result, they are taking a more important and strategic role in their company—which should be the goal of every AP department. Close Snippit | Read Article
The Internal Revenue Service has been implementing a large enforcement effort involving withholding and reporting compliance for payments to nonresident aliens (NRAs). Close Snippit | Read Article
WEB INVOICING TO TAKE OFF;
DON’T RUSH A NEW SYSTEM;
AP IMAGING VENDOR WINS KUDOS;
SOX DELAY FOR SMALL FIRMS?
BAD NEWS FOR TOOL ALLOWANCES;
NEW SIFL RATES;
TRAVEL COST BENCHMARKING;
T&E FRAUD DETECTOR. Close Snippit | Read Article
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