Wed.Feb 01, 2023

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Budget 2023: 7 things that matter to CFOs

CFO News

The Budget provided a 33% higher capital investment outlay, revamped credit guarantee scheme for the MSMEs, incentives for startups as well as personal income tax benefits. These were among measures which mattered to the finance community.

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Interim Illumina CFO takes permanent seat

CFO Dive

Joydeep Goswami’s appointment marks the executive’s first role in finance, and happens as the company faces headwinds from an acquisition last year.

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Paid Solicitation Under The SEC Marketing Rule: Using Third-Parties For Lead Generation And Prospecting

CFO News Room

Financial advisors who pay third parties to solicit or refer prospective clients to generate new business have historically been subject to the SEC’s Cash Solicitation Rule. However, that rule was drafted in an era where most paid referral relationships were between individuals, such as a financial advisor who paid a third-party accountant to refer clients their way.

Marketing 130
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CFOs are focused on talent — and the return to office

CFO Dive

It’s becoming increasingly clear there is no “going back” fully to how we worked before the pandemic, Kathryn Kaminsky writes.

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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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What to watch on jobs day: Upward revisions in employment expected after record two-year job growth

CFO News Room

On Friday, we will see the first labor market data for 2023. Along with the latest on payroll employment, unemployment, and wage growth, we will also get the final benchmark revisions for the establishment survey (CES). Preliminary benchmark revisions suggest job growth will be even stronger over the last two years than the 11.2 million previously reported.

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An Apostate Indicts Our Educational System

CFO News Room

Michel Gibson was on the road to a career in the academic world. He was about to begin a Ph.D. program in philosophy at Oxford, when he realized that a professorship wouldn’t give him the freedom for deep, independent thinking and writing he longed for. He began to think deeply and independently about what has happened to American higher education and came to the radical conclusion that it’s a big waste of time, money, and talent.

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Fed slows tightening pace but signals more rate hikes to come

CFO Dive

Fed Chair Jerome Powell predicted that the U.S. will avoid recession in 2023 while saying the Fed should lean toward tightening too much rather than too little.

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Stocks moving big midday: PTON, AMD, SNAP

CFO News Room

A sign hangs above the entrance of a Foot Locker store on August 02, 2021 in Chicago, Illinois. Scott Olson | Getty Images Check out the companies making headlines in midday trading Wednesday. Foot Locker — Shares gained 4% on Wednesday after Credit Suisse upgraded the stock to outperform from neutral. The retailer could see upside to expected profit in 2024 and 2025 as its strategic plan takes shape, according to the firm.

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Now listen up and listen good

The Reformed Broker

Now listen up and listen good. Last May 4th, Fed Chairman Jay Powell told a press conference that “A 75 basis point increase is not something that the committee is actively considering.” Five weeks later, the Fed hiked rates by 75 basis points. Then he did another 75 basis points, then another 75 basis points, then another 75 basis points.

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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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10 Wednesday AM Reads

Barry Ritholtz

Welcome to February! Kick off the new month with our mid-week train WFH reads: • The Shipping Industry Is Getting a Slew of New Vessels—Right as Demand Cools : Carriers plowed pandemic profits into a fleet of bigger cargo vessels. They’re arriving just as trade growth is softening. ( Businessweek ) • The Junkification of Amazon : Why does it feel like the company is making itself worse?

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Gavin Spitzner is Future Proof

The Reformed Broker

Gavin Spitzner loved the wealth management industry and the industry loved him back. Gavin was the founder of Wealth Consulting Partners and he was one of the most well known and beloved voices in the business. He passed away on Monday according to his family after struggling with acute myeloid leukemia (AML) which he was diagnosed with in September.

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Reserve Bank of India asks country's banks for details of exposure to Adani group, say sources

CFO News

The Reserve Bank of India did not immediately respond to a request for comment. The sources were speaking to Reuters and declined to be named because they were not authorised to speak to the media. Shares in Adani group of companies plunged on Thursday after the tycoon Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, citing the need to insulate investors from potential losses.

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Webinar: Thriving in Uncertain Times | February 16

Strategic Treasurer

Thriving in Uncertain Times February 16 | 10:30 AM EST Register Now Date Thursday, February 16, 2023 Time 10:30 AM – 11:30 AM EST Where 2023 Working Capital Leadership Conference in Orlando, FL Description A panel discussion on pulling the right levers to keep your business growing. Please note Continuing education credits will not be offered for this event.

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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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Clips From Today’s Closing Bell

The Reformed Broker

Josh Brown breaks down Wednesday’s post-Fed market action from CNBC. The post Clips From Today’s Closing Bell appeared first on The Reformed Broker.

Marketing 102
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Budget 2023: Mega capex in infra to create demand for multiple industries, jobs: TV Narendran, Tata Steel

CFO News

“If I look at sectors like steel and cement, one certainly needs to have green energy sources available, green hydrogen available. One needs to have the policy framework to support investments in these areas as a user industry. In Europe, we need to have carbon border adjustment mechanisms to make sure that carbon inefficient products do not come into the country when one is investing in creating carbon efficient products.

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We’re Hiring!

Barry Ritholtz

We are hiring! We are looking for client service associates who can help us continue to grow. We offer fantastic perks and benefits such as: Great company culture We embrace diversity and inclusion Remote/Work from home Comprehensive Benefits package 401k with match Generous time off Paid Parental Leave Support for Community Volunteering Exclusive employee discounts, special offers, and tickets to top attractions, theme parks etc.

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Budgeting ESG Synergy

CFO News

This article seeks to analyze the impact of the Indian Budget for 2023-2024 on corporate sustainability and ESG integration as the core business strategy.

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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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Mossi Happy To Play Grinch For A Stronger Central America

Global Finance

In a turnaround from 2022, the Central American Bank for Economic Integration's latest infrastructure bond offering is proving popular with investors.

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Finance Minister delivers balanced Budget, minus freebies

CFO News

The budget has taken advantage of the fiscal space created by the end of the Covid free-food programme, lower fertiliser subsidies, and a sharp reduction in MGNREGA outlay. This has made possible the reduction of ₹37,000 crore in direct taxes. The finance minister wants taxpayers to shift to the new income tax regime which disallows myriad individual exemptions but gives a higher exemption limit of ₹7 lakh, facilitating both taxpayers and collectors.

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Paid Solicitation Under The SEC Marketing Rule: Using Third-Parties For Lead Generation And Prospecting

Nerd's Eye View

Financial advisors who pay third parties to solicit or refer prospective clients to generate new business have historically been subject to the SEC’s Cash Solicitation Rule. However, that rule was drafted in an era where most paid referral relationships were between individuals, such as a financial advisor who paid a third-party accountant to refer clients their way.

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These sunrise sectors are highlighted by FM Nirmala Sitharaman in Budget 2023

CFO News

From millets, tourism, and green energy to electronics, the Budget 2023 identifies several emerging sectors. ETCFO takes a look.

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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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R&R Pipeline Testimonial

Focus CFO

"We placed Rob on our Leadership Team where he has been influential on guiding the business for future growth and success. Since acquiring the company our EBITDA has tripled in large part thanks to the guidance of Rob Zeid. He has become invaluable on our Leadership Team with his experience and work ethic.

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9 GST law amendments in Budget 2023

CFO News

Finance Minister Nirmala Sitharaman announced a slew of legislative changes in the GST law in her Budget 2023 speech.

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vcfo Sponsors Prestigious Entrepreneur Of The Year® 2023 Award

VCFO

vcfo is a proud sponsor of the Entrepreneur Of The Year® 2023 Award. vcfo is a regional sponsor in the Central South program, that highlights ambitious founders and leaders whose endeavors demonstrate an entrepreneurial spirit, growth, purpose, and impact. Each year, the Entrepreneur Of The Year program celebrates the most accomplished business leaders who are building equitable, sustainable, and prosperous enterprises worldwide.

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Budget 2023: Sitharaman sets FY24 divestment target at Rs 51,000 cr

CFO News

The FM also revised the divestment aim for FY23 to Rs 50,000 crore from the budgeted estimate of Rs 65,000 crore.

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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.