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Compliance
The IOFM keeps members up to date on best practices for identifying and mitigating regulatory risks related to: 1099/1042s, W-9/W-8, Unclaimed Property, OFAC, Sales & Use Tax, Value Added Tax. The Institute shares peer-tested policies and procedures and supports AP practitioners in their role as the last line of defense against fraud and abuse.
IOFM Members also have asscess to 12 Live Compliance Webinars annually, helping avoid costly delays and fines.
Featured Content
Are You Being Audited by the IRS?
As we approach 1099 season, it's crucial to have a risk mitigation and communication plan in place to deal with an eventual audit. Learn the five things AP departments need to have nailed down — and the six things the IRS will ask for — if it initiates an audit.
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Q.
What is the amount that should be reported to an ex-employee in this following scenario. Note: The agreement is not a "settlement" agreement, but… Read More
Form W-9 is the foundation of accurate 1099 reporting, yet few AP teams fully understand its complexities. In this session, we’ll take a deep
… Read More
With payment methods like Zelle, Venmo, PayPal, and Cash App blurring the lines between business and personal payments, it’s harder than ever
… Read MoreWhat are you waiting for?
