Wed.Jun 19, 2024

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At the Money: Smart Spending vs. Not Spending 

Barry Ritholtz

At the Money: Smart Spending vs. Not Spending (June 18, 2024) Spending Scolds will tell you that a sailboat, a sports car, or even a latte will be your financial ruin. Is this accurate? Focusing on the cost without considering whether you can afford the items and what memories they create is the wrong calculus. In today’s ATM, we discuss how to spend intelligently, within your budget, on the things that hep create lasting memories.

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Budget 2024: Give the middle-class tax benefits & cut fuel excise, India Inc tells Finance Ministry

CFO News

Budget Expectations: FICCI has proposed simplifying the capital gains tax system by categorizing assets into equity instruments, debt, and other assets with specific rates for long-term and short-term gains. They have also advocated for uniform tax rates for residents and non-residents.

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Creating Incentive Trusts To Foster Beneficiary Legacies Without Spoiling The Kids

Nerd's Eye View

The role of estate planning is most commonly considered to be about transferring assets from one generation to the next in the most efficient manner possible (e.g., how to minimize the burden of estate taxes and avoid the public spectacle of the probate process). And yet, looking at estate planning solely through the lens of assets on a balance sheet can make it easy to overlook the reality that people often have other, intangible assets that they wish to pass on to the next generation, such as

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No.1: Colette Kress

CFO Thought Leader

(Nvidia) CFO Tenure: 11 yrs. CFO Appts.: 1 Career Span: 33 yrs. C-Suite: 11 yrs. The post No.1: Colette Kress appeared first on CFO THOUGHT LEADER.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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How Advisors Can Help Clients Use Incentive Trusts to Foster Beneficiary Legacies

Nerd's Eye View

The role of estate planning is most commonly considered to be about transferring assets from one generation to the next in the most efficient manner possible (e.g., how to minimize the burden of estate taxes and avoid the public spectacle of the probate process). And yet, looking at estate planning solely through the lens of assets on a balance sheet can make it easy to overlook the reality that people often have other, intangible assets that they wish to pass on to the next generation, such as

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How to Improve Your Business’ Financial Health

CFO Share

Do you fear your business is underperforming? Perhaps your financial wellness check showed some weakness? Improving your business’s financial health is a great idea, but it’s not always easy to know what to do and where to start. Add on the fear of meddling with the wrong thing, making the situation worse, and it’s no surprise most business owners opt for trying harder: selling more, working faster, and doing more with less.

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No.1: Colette Kress

CFO Thought Leader

(Nvidia) CFO Tenure: 11 yrs. CFO Appts.: 1 Career Span: 33 yrs. C-Suite: 11 yrs. CEO: Jensen Huang Made Possible By The post No.1: Colette Kress appeared first on CFO THOUGHT LEADER.

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Vayana Network targets $100 million revenue by FY28 with expansion into Southeast Asia, says CFO Vinod Parmar

CFO News

In an insightful interview with ETCFO Vinod Parmar, the CFO of Vayana Network, elaborated on the company’s innovative journey, business model, and future aspirations.

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Protiviti leaders highlight AI's transformative role in audits at IIA Conference 2024

CFO News

The Institute of Internal Auditors (IIA) National Conference 2024 focused on 'Leveraging AI and Technology in Internal Audit,' highlighting their transformative potential in enhancing audit processes and ethical considerations.

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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To address talent shortage, chipmakers skilling engineering students

CFO News

According to a report by the India Electronics and Semiconductor Association, the country’s semiconductor sector is expected to more than double to $64 billion between 2021 and 2026.

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RBI monitoring F&O frenzy in India along with Sebi: Shaktikanta Das

CFO News

The increased involvement of retail traders, many of whom are experiencing losses in the futures and options (F&O) market, has drawn regulatory scrutiny. A joint early warning group consisting of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) is closely monitoring this situation.

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Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman Group

CFO News

The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last year, triggering the so-called open offer requirement that allows them to buy more shares from public shareholders.

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Most of top-level executives have positive perception of GST: Deloitte survey

CFO News

A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% in 2023. Key reforms suggested include rationalizing tax rates, improving dispute resolution, and enhancing automation and technology. The survey also highlights the need for further simplification and support for MSMEs.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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SBI Chairman pitches for tax relief on interest income in Budget

CFO News

"If at all some relief could be given in the Budget regarding tax on the interest earnings, it will be an incentive to depositors. Eventually, the banking sector uses deposits mobilised for the capital formation in the country," Khara told PTI in an interview.

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Vedanta to raise Rs 1,000 crore via debt issue; stock spikes 6%

CFO News

The billionaire Anil Agarwal-led Vedanta is in the middle of splitting into six different units in a move aimed at shoring up the group's financial performance

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GST 2.0: Rate rationalization and improved compliance key reforms for India Inc, says survey

CFO News

As India prepares to mark the seventh anniversary of the Goods and Services Tax (GST) on July 1, 2024, a recent survey by Deloitte sheds light on the transformative journey and future aspirations for this pivotal tax reform. The report, "GST @ 7 Years," captures the sentiments and expectations of over 760 C-suite and C-1 level executives across diverse industries, revealing a robust confidence in the GST system and outlining key priorities for its next phase, GST 2.0.

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RBI grants Payment Aggregator license to SabPaisa

CFO News

SabPaisa, a payment solutions provider, has received final approval from RBI to function as a Payment Aggregator under the Payments and Settlement Systems Act, 2007. Pathikrit Dasgupta, the CEO, highlighted the milestone, dedication to excellence, and aspiration to emerge as a premier fintech entity in India.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.

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Assam govt to hold consultation with business community over GST notices

CFO News

Assam government to hold regional consultations to address business community's GST notice fears. Cabinet approves SOP for aiding youth clubs in each Legislative Assembly Constituency with Rs 15 lakh fund, focusing on infrastructure development.

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Retail investors play with a time bomb but RBI and Sebi are watching

CFO News

Futures and options (F&O) trading involves contracts that derive their value from an underlying asset, such as stocks and commodities. Futures contracts obligate the buyer and seller to transact at a predetermined future date and price, while options give the holder the right, but not the obligation, to buy or sell the asset at a set price within a specific period.

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Exceptionally hot summer & low reservoir levels to likely impact vegetables, fruit crop: RBI

CFO News

The Reserve Bank of India (RBI) warned on Wednesday that the exceptionally hot summer and low reservoir levels could stress the summer crops of vegetables and fruits, potentially disrupting efforts to control inflation. Governor Shaktikanta Das highlighted that while overall inflation eased, food prices remain volatile and elevated, complicating the inflation battle.

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IBBI seeks to tighten the noose around guarantors of bankrupt firms

CFO News

The Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the resolution plan process to hold guarantors accountable, following the Supreme Court's ruling. Stakeholders are encouraged to review and provide feedback on the proposed amendments to streamline the valuation process for stressed firms.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Economists bat for capex push, fiscal prudence and more jobs at pre-Budget meet

CFO News

The focus on the quality of spending, sans mindless freebies, and steps to further curb inflationary pressure should continue, some of the economists told finance minister Nirmala Sitharaman at the customary pre-budget consultation, advising against reckless giveaways. Successful tackling of inflation, they said, would be the biggest pro-poor move.

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Waiver, other tax reforms top GST Council's docket

CFO News

The GST Council is set to discuss various measures at its upcoming meeting on June 22 to pave the way for broader tax reforms in the new government's first full budget. These measures include considering a conditional waiver of interest or penalty on tax notices issued between 2017 and 2020, with exceptions for wilful defaulters. The budget announcement is expected in July.

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India's wealth will increase 1,000% in next 50 years: NSE MD

CFO News

NSE CEO Ashishkumar Chauhan expressed confidence at a convocation ceremony near Ahmedabad that India's wealth could surge tenfold in the next 50 years due to its youthful population and technological advancements. He acknowledged India's current socio-economic challenges but urged young graduates to innovate and drive change.

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'Aircraft took off': Adani reviews impact of Modi era on India’s growth after 1991-2014 reform runway

CFO News

Gautam Adani highlighted India’s infrastructure evolution, noting foundations were laid from 1991-2014, leading to rapid development in the last decade under PM Modi.

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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.