Mon.Oct 09, 2023

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Smart corporate investing: Reduce tax bills with Investment Tax Credit transfers

CFO Dive

The Inflation Reduction Act created a new option: Investment tax credit (ITC) transfers. With an ITC transfer, renewable energy developers sell their ITCs to taxpaying corporations. The developer receives cash immediately, and the corporation earns a locked-in profit by buying at a discount to par.

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Getting your Financial House in Order Before Selling Your Business

CFO Selections

Are you thinking about selling your business? Some business owners hear this question and respond, “No… well, not any time soon anyway.” But, if the answer is yes, even if you don’t plan on selling it soon, the time to start planning is now. If you think that selling your business might be in your 3-year, 5-year, or even 10-year plan, start getting the pieces in place now.

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Trending Sources

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EY CFO departed following failed split: reports

CFO Dive

Jamie Miller departed from the Big Four firm just weeks following the failure of its plan to split its audit and consulting business into two distinct entities.

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DPDP Act to make CFOs' role increasingly onerous

CFO News

As India Inc awaits the data protection rules, ETCFO did a status check with different stakeholders on the stumbling blocks on the road to implementation.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Fed Vice Chair Jefferson flags tightening from rising bond yields

CFO Dive

Financing costs may have risen in recent weeks as investors upgrade their expectations for economic growth or alter their view of underlying risks, Jefferson said.

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More Trending

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Nobel economics prize highlights gender wage gap

CFO Dive

Claudia Goldin is credited with advancing the understanding of “key drivers of gender differences in the labor market.

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Managing Outsourcing Of SEO (Search Engine Optimization) For A Financial Advisor

Nerd's Eye View

When deciding on a marketing strategy to pursue, one of the key factors for financial advisory firms to consider is efficiency. Different strategies have different Client Acquisition Costs (CACs), in terms of both hard-dollar marketing expenses and the cost of the advisor's time spent on the strategy, and an efficient market strategy is one that can effectively attract new clients while minimizing the amount spent to acquire them.

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5 steps to build the perfect NetSuite team

CFO Dive

If you don’t build the right team, you might end up with expensive software that doesn’t generate a positive ROI.

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We’ll be in Charlotte, NC this November

The Reformed Broker

This summer we opened a physical office location in North Carolina. It’s staffed with three of our Certified Financial Planners in Charlotte who’ve been taking care of our clients in the area. To celebrate, I’m bringing twenty of my people down for a week of client meetings and to see our local friends and colleagues. We’ve kept some time on the schedule to meet with prospective clients too.

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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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Bringing it home: The three A’s and the return of American manufacturing

CFO Dive

Since reshoring is the “new normal,” mastering the Three A’s is essential.

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How Accounting Setup Can Affect an Organization Long-Term

The Charity CFO

In many ways, new nonprofits can figure things out as they go, learning from their mistakes and making adjustments. However, that’s not the case with an organization’s accounting systems. It’s vital to get these right from the beginning or risk serious consequences in the future. Unfortunately, there are plenty of ways for relatively inexperienced leaders to make small but critical errors.

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BlackRock creates net-zero investment after axing pair of ESG funds

CFO Dive

The asset management firm has shifted resources to climate-specific funds after the SEC updated the “Names Rule” to increase accountability on ESG funds.

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10 Monday AM Reads

Barry Ritholtz

My back-to-work morning train WFH reads: • ‘A Galactic Embarrassment’: The Crypto World Is Already Sick of SBF’s Trial : FTX founder Sam Bankman-Fried’s trial for fraud is sucking all the air out of the room. Crypto folks can’t wait for it to be over. ( Wired ) • Why don’t you just sell all your stocks and buy ETFs, you’ll probably have better performance?

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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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Business travel expenses: Hotel rates likely to rise in 2024

Future CFO

When it comes to business travel expenses, CFOs have to be aware that hotel rates likely will continue to rise in most locations globally during 2024 despite an expected softening of leisure travel demand, said American Express Global Business Travel (Amex GBT) when releasing its latest forecast. Amex GBT’s Hotel Monitor 2024 finds that rates could rise by as much as 17.5% in some cities, where tight supply combined with local conditions push the average cost of a room upwards.

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Indian smartphone manufacturers likely to miss FY24 PLI targets

CFO News

Indian smartphone manufacturers, including Lava and Bhagwati, are struggling to meet their production targets under the PLI scheme for the third consecutive year. Dixon Technologies, however, is an exception, as it has secured big orders. While global manufacturers like Foxconn and Samsung have been successful under the scheme, the domestic industry needs more time to establish local champions, according to Lava's co-founder.

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Why accountants must keep up with new technology

Future CFO

In the face of the many advancements now in data and technology, it is undeniable that accountants are put in the position to keep up. The development in Artificial Intelligence (AI), Machine Learning (ML), and ChatGPT have revolutionised the accountancy profession by increasing efficiency, accuracy, and the ability to provide valuable insights. Automation has been a notable shift, as routine accounting tasks have become less manual and time-consuming.

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India Inc grows in record numbers, reflecting rising economic optimism

CFO News

As many as 120,966 companies and LLPs were incorporated between April and September, up 11.4% from 108,583 a year before, according to the latest data compiled by the ministry of corporate affairs (MCA).

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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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The importance of planning and budgeting alignment

Centage

Most companies don’t plan to stay the same or do the same thing forever. Even the smallest business has a vision for the future evolution of the company. Planning is the first step towards achieving growth for any organization, and budgeting is the ongoing process to manage this growth. Planning and budgeting alignment ensures you have what you need to wisely allocate funds for growth.

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Unemployment rate dips to 6.6 pc in urban areas in April-June 2023: Govt survey

CFO News

Unemployment rate in urban areas has decreased to 6.6% in April-June 2023 from 7.6% a year ago, according to data from the National Sample Survey Office. The high unemployment rate in the same period last year was due to Covid-related restrictions. Labour force participation rate increased to 48.8% from 47.5% in the same period last year.

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Tech Media Firms Kickstart Automation Journey With AI Business-Ready ERP

CFO Thought Leader

DOWNLOAD REPORT Exclusive Findings: Ninety-five percent (95%) of tech and media firms report better decision-making process after running AI-supported ERP. Sixty-three percent (63%) of tech and media firms are considered AI All-In or AI Intense as they develop more AI products, buy AI assets, and hire AI experts in droves. These are among the key findings of the latest Enterprise Essentials survey report that you can download and learn how 198 tech and media companies are action-ready for the AI

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Vedanta Ltd arm Hindustan Zinc receives Rs 1.81 cr tax penalty order

CFO News

Based on the Company’s assessment and prevailing law, the Company is hopeful of a favourable outcome at the appellate level and does not expect the said Order to have any material financial impact on the Company, Vedanta said.

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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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Rolling Forecasts & Forecasting Software – Helping You Reach Your CFO Potential

Lime Light

Rolling forecast software helps you evolve past static budgeting to a model that enables your FP&A team to make decisions smarter, faster, and with real-time data.

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Commercial Taxes dept detects use of multiple QR codes by hoteliers to evade tax

CFO News

The vigilance wing of the Commercial Taxes department in Bengaluru has uncovered hoteliers using 30 QR codes to evade taxes and suppress actual turnovers. The search operation also discovered Rs 1.47 crore cash at the residence of one of the proprietors. The hoteliers were engaged in the supply of biriyani and non-vegetarian items, and they were receiving payments through multiple UPI accounts to hide their actual turnovers and avoid issuing tax invoices.

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Rolling Forecasts & Forecasting Software – Helping You Reach Your CFO Potential

Lime Light

Rolling forecast software helps you evolve past static budgeting to a model that enables your FP&A team to make decisions smarter, faster, and with real-time data.

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?RBI's hawkish stance, rise in crude prices could delay monetary easing

CFO News

Professional forecasters, essentially economists surveyed by the Reserve Bank in September 2023 expect headline CPI inflation to moderate from 6.6 per cent in September quarter to 5.5.

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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.