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Presidential candidate Kamala Harris is proposing a 10x expansion of the Startup Tax Deduction , from $5k to $50k, to promote the creation of small businesses. While this sounds great as a headline, our fractional CFOs greeted it with a yawn. At CFOshare, we rarely see the Startup Tax Deduction making any material difference for new businesses. To being, the Startup Tax Deduction only applies to brand new businesses, not established startups.
Call it “the CFO shuffle.” Top finance leaders are shifting from one company or position to another—or opting for retirement—at a faster rate. That’s according to the latest data from Russell Reynolds Associates, which specializes in executive searches. This year saw increased levels of turnover, with the proportion of outgoing finance chiefs reaching 8.9% globally from January to June.
Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te
Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In recognition of his leadership in managing Brazil’s monetary policy, Campos Neto earned an “A” grade in the magazine’s 2024 Central Banker Report Cards, announced in August. He also received an “A” in 2023’s report card.
The Best Way to Buy a House Right Now with Jonathan Miller , Miller Samuel (Sept 4, 2024) Buying a house in today’s climate can be challenging. Interest rates are near the highest level in 20 years. Housing inventory is near record lows. So what’s a potential home buyer to do? Jonathan Miller, President of Miller Samuel, discusses the best approaches for purchasing a home today.
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
The race for Latin America’s massive stablecoin market has become more competitive. Following the successful launch of Circle’s proprietary USDC via behemoth banks BTG Pactual and Nubank in March, the unicorn Latin American startup Mercado Libre has rolled out its commission-free dollar-backed stablecoin, the Meli Dolar. Pegged 1-to-1 to the US dollar, the Meli Dolar aims to leverage the electronic marketplace’s significant presence in Brazil to establish a dominant position in the country.
Asking, “How can a financial assessment help us?” is the first step to getting a better handle on your organization’s finances. A business assessment is a financial checkup that evaluates the efficacy of critical financial functions like reporting and forecasting while analyzing people, processes, and tools. The findings that result can serve as a roadmap for the organization’s strategic planning initiatives.
To avoid bias in customer-facing banking applications, the Hong Kong Monetary Authority (HKMA) issued new generative artificial intelligence (GenAI) guidelines as more banks adopt such technologies. In a mid-August notice, the territory’s de facto central bank said financial institution boards and senior management should “remain accountable for all the GenAI-driven decisions and processes.
In 2021, ADP’s HR leader reached out to Don McGuire, then the company’s globe-trotting EMEA president, to gauge his interest in stepping into the firm’s CFO role. McGuire was surprised, inasmuch as it had been nearly two decades since he had veered off the traditional finance career track. During this interim, McGuire had taken on various global leadership roles far removed from the typical CFO pathway.
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.
Kuwait lenders Boubyan Bank and Gulf Bank—the emirate’s third- and fifth-largest banks—have disclosed they are in preliminary talks that may lead to a merger. If the merger goes ahead, it will create an Islamic bank with assets of around $53 billion and about a 15% market share measured by consolidated assets, Fitch Ratings said in a note last month.
The shift could expand the influence of large audit firms, such as the Big Five, over a broader range of Indian companies, including numerous unlisted entities, experts say.
Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks to Andreas Burner, Chief Technology Officer and Head of Product Management at SmartStream, about the increasing role AI is playing in the financial services sector. SmartStream, which has been recognized by Global Finance as an innovator in providing transaction management solutions for the past four years, takes a holistic view of AI, by working closely with end users and developers to create successful applications
Bajaj Electricals has leveraged efficiencies from Artificial Intelligence and Machine Learning in its finance department, reducing staff from 300 to over 90, said CFO EC Prasad.
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.
Joseph Giarraputo, the Founder and Editorial Director of Global Finance, talks to Andreas Burner, Chief Technology Officer and Head of Product Management at SmartStream, about the increasing role AI is playing in the financial services sector. SmartStream, which has been recognized by Global Finance as an innovator in providing transaction management solutions for the past four years, takes a holistic view of AI, by working closely with end users and developers to create successful applications
"Ekart is building the supply chain for India and carries the mission of democratising ecommerce for all brands," said Mani Bhushan, chief business officer at Ekart. "Ekart is well-established and will continue to deepen presence in tier II-III supply chains and beyond." These include last-mile delivery and bulk cargo pickups from brands and manufacturers.
There is a new C in the executive suite, the chief artificial intelligence officer (CAIO). In March, the White House announced that all federal agencies had to appoint a CAIO so that the government would stay on top of AI developments. Vice President Kamala Harris gave a legal framework to the mandate: “Make sure that AI is used responsibly,” she said.
India Inc is pushing for gender diversity in temporary hiring during peak periods like the festive season. Sectors such as ecommerce, logistics, retail, and BFSI are actively onboarding more women workers. Companies are offering flexible hours, transportation, and skill development programs to attract female talent, with safety measures being significantly enhanced.
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.
The committee is not in favour of a blanket GST exemption on life and health insurance premiums, said people aware of deliberations. It's likely to give a detailed report on the revenue impact under different rate scenarios for insurance products to the GST Council, which is scheduled to meet on September 9.
The government has extended the interest equalisation scheme on pre- and post-shipment rupee export credit for MSME manufacturing exporters until September 30. This extension aims to support India's outbound shipments by providing competitive rates amid global economic challenges. The scheme, which ended on August 31, was previously extended in June for two months.
Madhabi Puri Buch, the first private sector head of Sebi, faces scrutiny over alleged conflicts of interest. The article discusses the need for stricter regulations to address potential conflicts and suggests that appointing bureaucrats without regulatory changes could be short-sighted. The debate continues on whether private sector leaders should helm Sebi.
Reliance Industries Limited has secured Rs 3,620 crores in incentives for producing advanced chemistry cell batteries. This win adds to the 5 GWh capacity RIL had previously secured, bringing their total to 15 GWh. The incentives were awarded through a rebid by the Ministry of Heavy Industries.
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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