Blogs

Quick Survey - Payroll

By John Barbee posted 2 days ago
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How many companies control or process payroll through the accounting department and how many companies control or process payroll through the human resources department? To encourage responses, just type Accounting or HR" Thank you very much.     John R. Barbee Vice-President of Accounting and Controller O: 704.897.2297 E: jbarbee@hep-petra.com W:   www.hep-petra.com 11330 Vanstory Drive, Suite 101 Huntersville, NC 2807
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Note From Your CFMA Chapter President!

By Joel Van Egdom posted 4 days ago
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Greetings, Siouxland Chapter of CFMA! I’m hoping everyone had an enjoyable 4 th of July! With the arrival of July we have heat and humidity continuing in the Midwest and local baseball seasons in full swing. Over the first number of days of July, we have also seen COVID-19 case trends increasing in areas across the United States, and we ask that you continue to keep those impacted in your thoughts and prayers as individuals and businesses have been significantly impacted both in our local communities and around the world. Many months have flown by since our local chapter last had the opportunity to meet in person. On April 1, we transitioned to a new CFMA ...
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CAN FACEBOOK USE FACIAL-RECOGNITION TECHNOLOGY ON MY PHOTOGRAPH TO MATCH IT WITH OTHER PICTURES?

By Michael King posted 02-14-2020
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  ANSWER:   FACEBOOK USES FACIAL-RECOGNITION TECHNOLOGY TO MATCH FACES, BUT IT MAY NOT BE LEGAL UNDER ILLINOIS STATUTE. Expensive privacy violation on social media? Some citizens of Illinois brought a class-action lawsuit against Facebook claiming somewhere around $35 billion for privacy violations!  Patel v. Facebook, Inc. , 932 F.3d 1264 (9 th Cir., 2019).  (The plaintiffs apparently don't understand that "private" and "social" are antonyms.) The Ninth Circuit said that Facebook runs one of the biggest social media platforms in the world and has over 1 billion active users.  About seven out of ten adults in the U.S. use Facebook.  ...
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Punishing Foreigners for Corrupt Practices

By Michael King posted 12-16-2019
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Q:  HOW FAR DOES THE U.S. FOREIGN CORRUPT PRACTICES ACT REACH? A  THE U.S. DEPARTMENT OF JUSTICE ENFORCES THE FOREIGN CORRUPT PRACTICES ACT IN "EVERY CORNER OF THE GLOBE!" But I work for a foreign company, I am not a U.S. citizen and I never set foot in the United States?! In November, 2019, Lawrence Hoskins was convicted of six counts of violating the Foreign Corrupt Practices Act, three counts of money laundering and two counts of conspiracy in a U.S. District Court in Connecticut. Mr. Hoskins is a citizen of the United Kingdom and was working for a French company.  He was never ...
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HR Meets E-Sign

By Michael King posted 11-14-2019
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QUESTION: CAN I MAKE OUR EMPLOYMENT AGREEMENTS ELECTRONIC? ANSWER: YES, BUT YOU NEED TO PROVE THAT THE EMPLOYEE ACTUALLY AGREED TO THE ELECTRONIC TRANSACTION. Can I sandwich an arbitration agreement in an electronic employment contract? Jaime Odom worked for Which Wich Superior Sandwiches as a marketing manager. She had a beef with the sandwich shops. She sued claiming that she was sexually harassed at the job, retaliated against for complaining about the harassment, and not paid her full wages. Which Wich said Jaime had to arbitrate the dispute because she had electronically signed an arbitration agreement as part of the ...
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Beyond Pen and Paper...Digital Contracts

By Michael King posted 10-23-2019
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 WHY ARE COMPANIES STILL STRUGGLING WITH ELECTRONIC TRANSACTIONS 20 YEARS AFTER THE LAWS SAID THEY                               ARE VALID? ANSWER:   PEOPLE HAVE DIFFICULTY UNLEARNING THOUSANDS OF YEARS OF RELIANCE ON HAND-WRITTEN SIGNATURES.   The laws of electronic signatures and e-transactions. The Electronic Signatures in Global and National Commerce Act ("E-SIGN Act") became the law of the United States on June 30, 2000. The Uniform Electronic Transactions Act ("UETA") was released by the Uniform Law Commission in 1999 and enacted in Arizona in 2000. The E-SIGN Act allows the use of electronic records to satisfy any statute, ...
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Controller Needed

By Jillane Brown posted 10-22-2019
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Controller for Heavy Highway contractor specializing in concrete maintenance in Selma, NC needed. We are a 30+ year old business that acts as a GC and subcontractor. Construction Controller CPA Preferred 7 + Yrs. Experience Minimum The Controller is responsible for all areas relating to financial reporting. This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. The Controller will use their prior construction cost accounting experience to analyze cost records to ascertain distribution of costs for service agreements, design and construction ...
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$5M in Overtime for Want of a Comma

By Michael King posted 08-30-2019
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QUESTION:    C'MON! IT'S ONLY A COMMA!!!???   ANSWER:      A MISSING COMMA COST ONE COMPANY FIVE MILLION DOLLARS!   Oakhurst Dairy had to pay its delivery drivers five million dollars to settle a wage and hour dispute about overtime pay all because of a missing comma! O'Connor v. Oakhurst Dairy, 851 F.3d 69 (1 st Cir. 2017). What does punctuation have to do with an employment dispute? "For want of a comma, we have this case." That is how the court started its opinion concerning a dispute between a Maine dairy company and the dairy delivery drivers. The case involved the scope of an exemption from Maine's overtime law. The court ...
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Criminal Penalties for FLSA Violations?

By Michael King posted 08-06-2019
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QUESTION:    I THOUGHT THAT ONLY THE COMPANY COULD BE PENALIZED FOR FAIR LABOR STANDARDS ACT VIOLATIO NS? ANSWER:       WHEN A TEXAS ROPE COMPANY GOT TIED UP WITH THE DEPARTMENT OF LABOR, THE OWNER, PLANT MANAGER AND OFFICE MANAGER WENT TO JAIL!   Numerous federal laws include civil liability for individuals who fail to comply with the laws. Some federal laws even provide for individual criminal liability for company owners and managers. Don’t let the boss rope you into breaking the law! The U.S. Attorney’s office charged that High Performance Ropes of America, Inc. did not pay overtime compensation, back wages, employment benefits, and other ...
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June Meeting & Industry Builder Golf Event

By Joel Van Egdom posted 07-06-2019
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On June 19 our Siouxland Chapter had our quarterly meeting at the clubhouse of Prairie Green Golf Course in Sioux Falls. We welcomed Jason Gusso, one of the chapter's founding members, to speak on "Surety Bond Underwriting - It's an Art. Not a Science." Jason covered the topic well and responded to numerous questions from the attendees. He discussed what a bond provides, types of bonds, the steps of underwriting, and a surety's options in a claim situation. Jeff Pray, also a member of the Siouxland Chapter, then spoke on insurance products, covering in particular the lines of directors & officers liability, crime insurance, and pollution insurance. This presentation ...
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First Ever Siouxland Chapter Meeting in Sioux City a Great Success!

By Joel Van Egdom posted 05-02-2019
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For those of you that missed April's CFMA meeting in Sioux City, you missed our first ever meeting in Sioux City...and it was a good one! Many of the attendees completed our post meeting survey and the results averaged an 4.75 on a scale of 1 - 5!  A special thank you to Renee and Thompson Electric for being outstanding hosts!   Here is a brief overview of the meeting and some of the key notes from a couple of our speakers. We started our meeting with some introductions, followed by speakers Loren VenHuizen, Sean Mayer, and Patrick Fay. Loren VenHuizen, partner and B2BCFO, challenged attendees and demonstrated that the "three day close" is, in fact, ...
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Note from Your CFMA Siouxland Chapter President!

By Joel Van Egdom posted 03-26-2019
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Greetings, I’m hoping that everyone is in good spirits as the weather has warmed up and it has started to feel a little bit more like spring! As the rivers are expected to crest today and tomorrow – I hope that all our members have been able to stay dry and haven’t been seriously impacted by the flood waters. Please continue to keep those impacted in your thoughts and prayers, as many people, business and farms throughout the Midwest are still responding to the devastating implications of rising flood waters. It isn’t new news that unemployment remains low and hiring skilled employees continues to be a challenge to many employers. More important than hiring ...
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3rd Party Crystal Report/SSRS Report Developer - Viewpoint Construction Clients

By Lisa Kahler posted 03-26-2019
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​We are a custom report developer for Viewpoint Construction clients - specializing in Crystal Reports and SSRS.  Please reach out to us for your custom report needs! LisaKahler@ccegroupinc.com CCE Group, Inc
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3rd Party Crystal Report/SSRS for Viewpoint Contractor

By Lisa Kahler posted 03-26-2019
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Greetings~ We are a 3rd Party Crystal Report ​& SSRS report developer specializing in Viewpoint Construction clients.  We work with all sizes of companies. If you have custom report development needs, please reach out to us:  lisakahler@ccegroupinc.com
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Third party payroll company

By Connie Frey posted 11-16-2018
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Does anyone currently use a third party payroll processing company for payroll that includes electronic time sheet entry, time sheet approval at management level, job costing, payroll processing and direct deposit? If so, who are you using and is it an easy process to integrate with Vista by Viewpoint?   Thanks in advance for your help
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Paperless Promissory Notes, Notaries and Wills! Oh My!

By Michael King posted 11-08-2018
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Question:   WHAT ARE THREE DOCUMENTS THAT I THOUGHT WOULD NEVER BE DONE ELECTRONICALLY? Answer:      ELECTRONIC PROMISSORY NOTES, ELECTRONIC NOTARIZATIONS, ELECTRONIC WILLS, OH MY "Toto, I've a feeling we're not in Kansas anymore." Many days the changes in the world of business make me feel like Dorothy waking up in Oz. The novelty and colors of change make me yearn for the predictable black and white of Kansas. When I started practicing law there were still court reporters who used steno pads and shorthand to keep the record of depositions. Contracts were typed on 8 ½ by 14 inch legal paper and the copies were made with carbon paper. ...
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CCIFP study group

By Ayana Mackey posted 11-06-2018
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​Hello- does anyone in the Atlanta area have the CFMA "book" that I rent for about 1 month. Thanks
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September's Quarterly Meeting a Success

By Joel Van Egdom posted 10-15-2018
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If you missed our September quarterly meeting on September 19, here is a brief overview: We began with a brief business meeting that included announcing 3 new members of the chapter, bringing our membership to 67. We also took a moment to recognize Dan Doyle on his 5-year anniversary with CFMA. Dan was not able to join us at the meeting, but we thank him for his ongoing service for CFMA! We also made note that CFMA's 12 Plus Program is underway, which allows new members joining now to pay dues for just 12 months and receive membership through March 31, 2020. Finally, we did an overview of CFMA's peer group program, which is a newer offering available through ...
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DO I HAVE AN ENFORCEABLE ELECTRONIC AGREEMENT WITH A VALID ELECTRONIC SIGNATURE, OR NOT?

By Michael King posted 10-09-2018
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WHEN SOMEONE DENIES THEY INTENDED TO SIGN AN ELECTRONIC DOCUMENT, IT CAN BE DIFFICULT TO ENFORCE AN ELECTRONIC AGREEMENT. The problem in determining whether there is a valid electronic signature is similar to the age-old problem of proving that someone’s signature is genuine when that party denies that he or she signed the document. With the written signature, you would need handwriting experts to prove the authenticity. When someone denies that they intended to sign an electronic document, proving the intent and authenticity can be even more challenging. No, really! I didn’t mean it! Thomas Fair, an attorney, founded three companies that owned ...
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Another Successful Meeting!

By Carolina Madariaga posted 09-25-2018
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Another Succesful CFMA Miami-Dade Chapter meeting on CFO Roundtable: Employee Benefits and Retention Strategies, the process of preparing the WIP schedule - How CFOs can impact Job profitability and Ciber Security on September 13th, 2018 by our Speaker's Yvette Aubin, Maria Guthrie and Luciano Lo Giudice. Thank you for
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