Risk & Compliance

Handling Vehicle Program Liability and Compliance Vehicle program liability and compliance are broad topics that differ with every program. The basics, however, are simple. As most things, there are right ways, wrong ways and risks if you go with the second of those options, intentionally or otherwise. What are the right ways and, if not…

A Legal Overview of Work From Home Reimbursement The world is a different place today than it was a month ago – or even a week ago. As businesses and individuals try to ascertain what the new normal will look like, one thing is clear: the workplace as we’ve known it is transforming. Working from…

Avoiding Internal Control Failures The SEC recently fined company MetLife for Internal Control Failures. For those of you not tuned into finance news, that might not seem particularly fun. And it isn’t. But paying fines to the SEC? That’s even less fun. Here’s the deal with Internal Control Failures and how these companies messed up….

How California Assembly Bill 5 Could Impact Your Business In mid-September, California’s governor signed Assembly Bill 5 (AB5) into law. Effective January 1, 2020, AB5 changes the criteria that define independent contractors. Employers that are not aligned with the new law could be at risk of misclassification claims by their employees. What’s more, New York…

The Spooky Risks of Distracted Driving It’s that time of year when the leaves hit the ground and you can’t escape the pumpkin fever. Fall is upon us and Halloween is here. It’s no secret that the holiday has a way of bringing excitement to children and adults across the nation. Halloween parties and trick…

How the IRS Impacts Your Company’s Vehicle Program Companies generally think of visits from the IRS the same way people think of being served a subpoena. Whether it’s the possibility of an audit, or just … well, anything to do with an audit, not complying with IRS guidelines can be risky. And your vehicle program…

Take the Pedal Off Distraction This Summer Driving Season In case you missed it, April was Distracted Driving Awareness Month. The National Safety Council aims to raise awareness around distracted driving and avoid preventable deaths during this month. But it doesn’t end there. In fact, the Summer driving season is right around the corner. And…

ASC 842 Compliance and Your Vehicle Program Lease accounting used to be a Wild West of off book expenses. The culprit? A loophole in the Generally Accepted Accounting Principles (GAAP) set forward by the U.S. Securities and Exchange Commission. But in early 2016, the Financial Accounting Standards Board (FASB) established a new set of rules…

Winter Driver Safety and How to Protect Your Business The time to be mindful about Winter driver safety has come. If you’ve been keeping up with news, then you’ll understand how brutally cold 2019 has been so far. Chicago, for example, reached -23 degrees Fahrenheit: its coldest temperature since 1994. Flights and college classes have…

Illinois’ New Labor Law and Business Mileage Reimbursement Illinois recently passed an amendment to the Illinois Wage Payment and Collection Act (IWPCA). This amendment requires employers to reimburse their workers for “necessary” costs “directly related to services performed for [their] employer[s].” While this new law does not go into effect until January 1st of 2019,…