COVID tax claims add to IRS backlog
CFO Dive
JUNE 23, 2023
While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.
CFO Dive
JUNE 23, 2023
While IRS return-processing backlogs persist, a report found evidence that the outlook is brightening when it comes to the responsiveness that CFOs and tax preparers can expect.
Navigator SAP
JUNE 23, 2023
Technology advancements change the way business is performed. At first, they are used by market leaders to drive improved efficiency, then they are used by the rest of the business community to keep up with those market leaders. Examples of this tech advancement include the introduction of computers for business and the emergence of the internet.
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CFO Dive
JUNE 23, 2023
Hunter Paletsas will take the organization’s financial reins as the media and entertainment industry deals with major challenges including inflation, the ongoing writers strike and the impact of generative AI.
Barry Ritholtz
JUNE 23, 2023
My end-of-week morning train WFH reads: • What Was Nate Silver’s Data Revolution? Silver, a former professional poker player, was in the business of measuring probabilities. Many readers mistook him for an oracle. ( New Yorker ) • Boaz versus BlackRock: the fight over closed-end funds : Saba founder says he never planned to be an activist investor.
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.
CFO Dive
JUNE 23, 2023
The accounting profession should not delay in helping ensure a “just transition” and promoting social welfare, the ACCA said.
Corporate Finance Brief brings together the best content for corporate finance professionals from the widest variety of industry thought leaders.
CFO Dive
JUNE 23, 2023
This year big companies cut back their bank deposits and allocated more of their short-term cash to government security-backed funds.
FISPAN
JUNE 23, 2023
Bank feeds are a game-changer in financial workflows, offering seamless integration between accounting software and bank accounts.
CFO Dive
JUNE 23, 2023
“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.
The Reformed Broker
JUNE 23, 2023
Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Mark Newton, and Downtown Josh Brown discuss market sentiment, buying the dip, the DeMARK Indicator, fundamental vs technical analysis, industrials, commodities, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!
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CFO News
JUNE 23, 2023
"A decision to this effect (on inspection) has been taken. The government treats corporate governance as a serious issue. So, if there is any such issue, it needs to be probed," the official said.
Barry Ritholtz
JUNE 23, 2023
Pete & I discuss Inflation, the Fed, and even get into Swiss Banking Secrecy laws. Its a fun romp through current news items and related topics. SUPD 868 Barry Ritholtz on Inflation, The Fed, Bank Rules work and Golf doesn’t The post SUPD: Inflation & The Fed appeared first on The Big Picture.
CFO News
JUNE 23, 2023
Notably, Gujarat International Finance Tec-City is a central business district under construction in Gandhinagar district in Gujarat, India. "PM's vision for Digital India was way ahead of his time I now see it as a blueprint that other countries are looking to do," Pichai said after meeting Prime Minister Modi.
Musings on Markets
JUNE 23, 2023
I will start this post with a couple of confessions. The first is that my portfolio has held up well this year, in a market that has been top-heavy and tech-driven, and one big reason is that it contains both NVIDIA and Microsoft, two companies that have benefited from the AI story. The second is that much as I would like to claim credit for foresight and forward thinking, AI was not even a speck in my imagination when I bought these stocks (Microsoft in 2014 and NVIDIA in 2018).
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.
CFO News
JUNE 23, 2023
Higher inflation was tolerated only to protect growth because of the major shocks of the past few years. An inflation targeting regime where the nominal repo rate responds to expected inflation to ensure appropriate real repo rates is adequate to credibly anchor inflation expectations. An appropriate real repo rate is required, not a 'high nominal repo rate'.
CFO News
JUNE 23, 2023
During the course of the speech, PM Modi also referenced the US State Department's plan for those coming to the US on a H-1B visas and stated that it would now be renewed in the US without having to travel abroad. He said, “America's new consulates will be opened in Bengaluru and Ahmedabad.
CFO News
JUNE 23, 2023
Indian Oil Corporation (IOCL) and Bharat Petroleum Corporation (BPCL) plan to launch rights issues while Hindustan Petroleum Corporation (HPCL) will issue preferential shares to the government in the current financial year. The government had set aside INR300bn ($4bn) for capital support for the government-owned firms. This support was conditional on the state-run oil marketers submitting capital investment plans for 2023-24.
CFO News
JUNE 23, 2023
The objective of monetary policy is to control inflation with as little growth sacrifice as possible. The current real repo rate is close to 1.5% based on projected inflation 3-4 quarters ahead. At this level, there are worries about the extent of demand destruction that it will cause and the consequent damage to economic growth.
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
CFO News
JUNE 23, 2023
Indian banks are claiming that they do not yet have the requisite software to implement new rules relating to tax collection at source for foreign debit and credit card transactions, due to start from July 1. Rules issued by the Central Board of Direct Taxes last month require foreign card spending above INR700,000 ($10,874) to be counted towards the Liberalised Remittance Scheme and taxed at 20%.
CFO News
JUNE 23, 2023
Inflation in India is decreasing personal consumption expenditure, causing a slowdown in corporate sales and private investment, according to a paper authored by a team led by RBI Deputy Governor Michael Debabrata Patra. The Reserve Bank published the report, which urged the lowering of inflation to revive consumer spending and boost corporate revenues.
CFO News
JUNE 23, 2023
HDFC Life Insurance on Friday said it has received a demand notice of more than Rs 942 crore for non-payment of GST. The matter relates to the claiming of input tax credit against supply of services, which the Directorate of Goods and Services Tax (GST) Intelligence (DGGI) believes are ineligible for such claims, it said.
CFO News
JUNE 23, 2023
The company in the filings did not give any reasons behind the financial performance. Industry executives said this jump in revenue – highest growth rate in at least the last five years – is driven by Croma becoming the exclusive online seller for all electronic products in the group’s e-commerce platform Tata Neu and rapid offline store expansion.
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CFO News
JUNE 23, 2023
The new rule allows such investments to be either sold to a new scheme of the same AIF - liquidation scheme or distributed in-specie to the investors of the original AIF. An in-specie distribution involves the distribution of the investments such as shares or other securities of the AIF to its investors, instead of returning their capital in the form of cash.
CFO News
JUNE 23, 2023
The newly appointed Executive Director of Federal Bank, Harsh Dugar would assume charge with effect from 23 June, 2023. He has been serving as the Group President and Country Head – Wholesale banking of the Bank since April, 2021.
CFO News
JUNE 23, 2023
Billionaire Gautam Adani's conglomerate Adani Group on Friday said it was not aware of any subpoena being issued to its various investors by authorities in the United States. The company also reiterated that its various issuers' groups remain confident that the disclosures issued by the company are full and complete.
CFO News
JUNE 23, 2023
AdaniConneX, a joint venture of Adani Enterprises and EdgeConneX, has secured $213m from ING Bank, Mizuho Bank, MUFG Bank, Natixis, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. The funds will support AdaniConneX’s under-construction 67 MW data centre portfolio in Noida and Chennai.
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