Tue.Mar 21, 2023

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How to identify a fake GST invoice and report it: A step-by-step guide

CFO News

It is important to check the authenticity of the GST bill to avoid any fraudulent activity. Many times, the GST bills are used for settling claims and filing for Income Tax Credits. To avoid getting duped, customers can simply do a quick check to find out whether the bill handed over to them is original or not.

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IRS issues NFT tax guidance

CFO Dive

The IRS seeks comment on NFTs’ treatment under the newly proposed tax guidance as regulators and lawmakers consider the future of cryptocurrency and digital asset spaces.

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Trending Sources

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Maximizing Efficiency With the Best ERP for Wholesale Distribution

Navigator SAP

Businesses today need objective data on everything in their warehouses to make critical business decisions. One sector that would greatly benefit from clear and coherent data flow is logistics. An Enterprise Resource Planning (ERP) system can significantly improve efficiency and is a significant step toward digital transformation.

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Fed likely to hike main rate despite banking turmoil: economists

CFO Dive

Banks will likely reduce lending in coming months, complementing Fed efforts to cool the economy while increasing the risk of recession, economists said.

Banking 261
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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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10 Tuesday AM Reads

Barry Ritholtz

Note: We are off to California and Arizona for a few events later this week; publishing will be spotty… Welcome to Spring! Start the new season with our Two-for-Tuesday morning train reads: • Are Banks OK? Where the sector stands after a turbulent week. ( Slate ) see also Déjà Vu? Why 2023 is Not 2008 : But that is incomparable to the 2008-09 era, where every financial institution had consumed CDOs, where toxic sub-prime loans were securitized into ticking time bombs.

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More Trending

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India's early-stage startups party is unperturbed by Credit Suisse and SVB crisis: 100X.VC Co-founder & CFO

CFO News

The funding is not hugely dependent on the US ecosystem as there is an increasing number of India-dedicated VC funds, says Yagnesh Sanghrajka.

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Accountants head overseas for talent

CFO Dive

The lure of sexier jobs in the tech sector has cut into the number of U.S. students pursuing accounting careers. Looking abroad for talent may be next best move.

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Harmonisation of EU Insolvency Law: Is Europe Welcoming the New Commission’s Proposal?

Corporate Finance Lab

With the publication of its Proposal for a Directive on the harmonisation of certain aspects of insolvency law in December 2022 (Proposal), the European Commission has moved into unchartered territory. The first responses have been divergent. Some commentators indicated that (part of) the Proposal is farfetched and at odds with currently well-functioning domestic insolvency legislation in EU Member States, whereas others had clearly hoped for more extensive proposals for harmonisation.

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Five Steps to Margin Improvement

Beacon CFO Plus

by Rob Joseph, Director, BeaconCFO Plus Effectively Manage Your Profitability With Our Virtual CFOs One of your challenges as a small/medium business owner is how to manage your profit margins in a competitive marketplace. Proper management and ongoing measurement of margins is critical to your organization’s success. Competition breeds margin pressure, and companies who develop a culture emphasizing the importance of margins and their effect on profitability are the ones who not only survive bu

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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China's reopening will boost earnings but risks remain

Future CFO

China's reopening will support companies' credit quality as it will ramp up their earnings with a rebound in domestic demand and economic activity, said Moody’s recently. Most companies' operational efficiency will improve and operating costs along the supply chain will reduce, the credit rating agency noted. Sectors that suffered the most during the pandemic, such as tourism and other business and consumer services, will likely lead the rebound, and benefit from the government's focus on boosti

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India's Finance Ministry to make a case for higher sovereign rating

CFO News

Fitch has retained its sovereign rating for India at the lowest investment grade of 'BBB-' for more than 16 years now. In June 2022, Fitch revised up its outlook for India's long-term foreign currency issuer default rating (IDR) to 'stable,' from 'negative,' after a gap of two years.

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Conquering Columbus Podcast

Focus CFO

How Financial Planning Can Build Value for Your Business FocusCFO Founder Brad Martyn sat down with Conquering Columbus for a conversation about how sound financial planning can build value for your business, when to bring in a CFO (or a fractional CFO), and much more. Tune in to the podcast now.

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Tata Power seeks government help to recover ?1,789 crore discom dues

CFO News

The government has invoked Section 11 of the Electricity Act mandating all imported coal-based plants to start operations from March 16, a measure to address an expected high demand over April and May.

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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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Clips From Today’s Halftime Report

The Reformed Broker

Morgan Stanley says buy Meta from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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MobiKwik eyes fresh IPO in 12-18 months

CFO News

“We had planned (the IPO in) March 2022 but before that the Ukraine war happened and Nasdaq started crashing. So, all the multiples were going down,” Taku said on the sidelines of an event, adding that the fintech firm continues to be in an IPO ‘ready mode’.

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Why Tech Stocks Are Rallying Hard

The Reformed Broker

Join Downtown Josh Brown and Michael Batnick for another round of What Are Your Thoughts? On this week’s episode, Josh and Michael discuss the biggest topics in investing and finance, including: ►Tech Resurgence – Silicon Valley Bank event feels bottom-y. The ultimate anecdotal sign. ►1 Year Later – One year ago, the FOMC first hiked interest rates.

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Indian banks can endure global banking turmoil fallout: S&P

CFO News

The agency said country's banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates

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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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The CFO Suite Donates $40,000 to North Texas Food Bank, Providing Over 120,000 Meals to Those in Need

E78 Partners

The CFO Suite, an E78 Partners Company, has made a $40,000 Donation to the North Texas Food Bank to support hunger relief efforts across North Texas. The gift provides over 120,000 meals to North Texans in need, at a time when the community is facing ever-increasing food insecurity. The North Texas Food Bank is a nonprofit hunger relief organization that distributes donated and purchased foods through a network of more than 400 Partner Agencies and Organizations in 13 counties.

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Aircraft and engine supply woes hurting India's aviation story: Rajiv Bansal

CFO News

Plane, engine and other component makers are grappling with supply bottlenecks and staff shortage, leading to slower output leading to slower deliveries to airline customers. India's airlines, like global peers, have been impacted. More than 100 of 700 airliners in India are reportedly grounded.

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How is Goodwill Taxed When Selling a Business?

Michigan CFO

Selling a business is an arduous endeavor that involves in-depth financial and tax processes from start to finish. One key element of the transaction is how to value and tax goodwill, as this can impact the amount of your tax bill upon closing. This article will explain how goodwill is valued and taxed when selling a business. By the end, you should clearly understand what qualifies as a goodwill asset, how to evaluate its worth and how it will be taxed at the time of sale.

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IT companies stare at 30 bps revenue hit from banking crisis in US

CFO News

Experts fear crisis may spill over from BFSI to other verticals such as retail and hi­-tech in FY24.

Banking 52
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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.

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#FA Success Ep 325: Building Success In The Financial Advice Business From A Financially Challenged Upbringing, With Brenda Hiscock

Nerd's Eye View

Welcome back to the 325th episode of the Financial Advisor Success Podcast ! My guest on today's podcast is Brenda Hiscock. Brenda is a financial planner with Objective Financial Partners, an advice-only advisory firm based in Ontario, Canada, that works with clients on project-based financial plans, and also offers outsourced paraplanning to other Canadian advisory firms.

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Green jobs hiring rises as companies eye sustainable growth

CFO News

The talent pool is sparse as most of these profiles are new, human resources (HR) heads and executives at recruitment and staffing firms, including Randstad, Manpower, TeamLease and foundit (formerly Monster), told ET.

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Transcript: Cliff Asness

Barry Ritholtz

 The transcript from this week’s, MiB: Cliff Asness, AQR , is below. You can stream and download our full conversation, including any podcast extras, on iTunes , Spotify , Stitcher , Google , YouTube , and Bloomberg. All of our earlier podcasts on your favorite pod hosts can be found here. ~~~ ANNOUNCER: This is Masters in Business with Barry Ritholtz on Bloomberg Radio.

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GST ITC restriction on CSR spend: Why businesses are worried about potential challenges

CFO News

As part of FY 2023-24 Budget proposals, the Union Finance Minister has recommended restricting ITC on goods or services used for meeting the CSR obligation. Experts say this may have adverse impact on CSR benefits.

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Tariffs on the Table: How to Brief the Board and C‑Suite With Confidence

“What should we do about the tariffs?” There’s no straightforward answer — every leader has a different expectation. CFOs want numbers. COOs want action. CEOs want strategy. And supply chain and procurement leaders need to be ready with the right response — fast. That’s why GEP has created a simple three-part framework that will help CPOs and CSCOs brief the board and C-suite with clarity and confidence.