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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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Latest
How AP and AR Can Work to Guard Against Noncompliance -
An interview with Diane Yetter
Diane Yetter is an award-winning sales and use tax… Read More
Q. I am trying to move my AP department into TIN matching and E-filing of 1099s. To get a TTC number with the IRS I need a company officer to set up… Read More
Q. In 2023 an employee paid $900 to a consultant with their company credit card. The consultant has reached out to our organization inquiring about… Read More
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