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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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.

Planning 130
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LastPass snatches finance chief with SaaS chops

CFO Dive

The password management company’s new CFO brings more than two decades of experience in financial leadership roles at both public and private companies, including software-as-a-service organizations, LastPass said.

Finance 226
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How to Build the Ideal HR Team

HR doesn’t exist in a vacuum. This work impacts everyone: from the C-Suite to your newest hire. It also drives results. Learn how to make it all happen in Paycor’s latest guide.

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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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#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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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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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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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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Planning Your Restaurant's Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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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.

Finance 52
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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.

CFO 52
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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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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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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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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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Meet the Maestros – Customer Series – The Wildlife Gallery

Centage

with Nate Walters, CFO Seamless Integration & Improved Personnel Planning Cuts Annual Budgeting Process Time in Half Can you tell us a little about your organization? The Wildlife Gallery is the largest tannery for the taxidermy industry in the United States offering skinning, tanning and expediting from our Alaska operation to the lower 48. We also are one of the largest taxidermy studios in the United States offering world class taxidermy, trophy room design and fine woodwork services all

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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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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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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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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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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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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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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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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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Casagrand forays into commercial real estate, to invest Rs 8,000 over next five years

CFO News

The commercial development will be undertaken under its subsidiary company Casagrand Commercial. The company aims to develop 10mn sq ft of commercial and retail spaces by 2027, which has an estimated rental potential of Rs 900 Cr annually.

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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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Mahindra to raise up to $1.3 billion for EV unit: Report

CFO News

The company plans to raise capital by selling shares in its unit, currently valued at over $9.1 billion, in multiple tranches over the next two fiscal years, the report said, citing people familiar with the matter.

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Recruit and Retain New Blue-Collar Talent

Blue-collar jobs have a branding problem. One company, GEON, partnered with Paycor to find the solution. Learn how to attract, engage, and retain blue-collar employees, helping them build meaningful careers – and support your company’s goals.