Wed.Jul 10, 2024

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Planning For Changes In Client Marginal Tax Rates After TCJA’s Sunset

Nerd's Eye View

The Tax Cuts and Jobs Act (TCJA), passed in 2017, was one of the most extensive pieces of tax legislation to be passed in the last 30 years, touching many aspects of individual, corporate, and estate tax. However, most of TCJA's provisions are set to 'sunset' at the end of 2025 – an event that would have at least as much impact as TCJA's initial passage.

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Fed will cut main rate before inflation falls to its 2% goal: Powell

CFO Dive

A decline in the Federal Reserve’s preferred inflation measure to 2.6% has prompted policymakers to focus more on the cooling job market, Fed Chair Jerome Powell said.

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At the Money: Investing Is Hard

Barry Ritholtz

Investing Is Hard with Brian Portnoy (July 10, 2024) Why is investing so hard? It’s because our brains have been trained, over thousands of years, to trust our fear instincts. In this episode, I speak with Brian Portnoy sits down with Barry Ritholtz to explain why humans aren’t built to be good investors. Portnoy has held senior investment roles throughout the hedge fund and mutual fund industries.

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ADM hires 3M CFO, signaling push for fresh start after accounting woes

CFO Dive

The grain trading giant’s financial reporting practices have been in the spotlight since January when it revealed an internal probe was underway.

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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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Gartner: growth remains top priority for CFOs

Future CFO

Sixty-two percent of chief financial officers see artificial intelligence to have the most significant impact on their industries in the next three years, according to a study by Gartner, Inc. The Gartner survey, which was conducted to look into senior business executive views on current business issues, as well as some areas of technology agenda impact , revealed that CFOs and CEOs are similarly aligned on growth, as both groups select it as their top business priority for 2024-2025.

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MSMEs key to making India a leading electronics manufacturing destination: MeitY Secy

CFO News

The Micro, Small, and Medium Enterprises (MSME) sector can play a key role in making India a leading electronic manufacturing destination, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MEITy), said on Wednesday.

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Chipotle CFO Jack Hartung to retire after two decades at chain

CFO Dive

Adam Rymer, the company’s current vice president of finance, will become CFO in January.

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G2 spotlights Cube as an FP&A Leader, awarding badges for Highest User Adoption, Best Support, and more (Summer ‘24)

Cube Software

Exciting update: Cube shines in G2’s Summer Report Cube has been listed as one of the top FP&A platforms across several disciplines, including Budgeting and Forecasting , Corporate Performance Management , Financial Close , and Financial Analysis.

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Budget 2024: Remedial steps to fire up local manufacturing

CFO News

Union Budget: The government has drawn up a list of finished products that are subject to lower import duty than the materials needed to make them, or an inverted duty structure.

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

Speaker: Amanda Adams, Fractional CFO, CPA

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Amanda Adams, 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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217: Pamela Naik: My Journey from Financial Management to Strategic Leadership

CFO Talks

Pamela Naik’s Journey from Financial Management to Strategic Leadership In a recent enlightening episode of the CFO Club podcast, Nicolaas van Wyk, the CEO of the Chartered Institute for Business Accountants, engaged with Pamela Naik, an accomplished finance professional. Pamela’s career trajectory and her blend of qualifications provide an inspiring blueprint for finance professionals aiming to elevate to the CFO role.

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ESG integration: 50% of large Indian companies succeed, but only 29% of SMEs, reveals survey

CFO News

Indian companies are increasingly prioritizing sustainability, as revealed by a recent survey report on ESG maturity. While large firms lead with 75% setting clear goals, according to a survey report by Uniqus Consultech and IMA India.

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Union Budget 2024: Startup investment climate needs capital gains tax relief, CFOs say

CFO News

Startup CFOs anticipating the Union Budget 2024, are seeking expanded tax holidays, R&D incentives, and regulatory simplifications. Key demands include tax amnesty for pre-2014 dues, reduced TCS and TDS rates for e-commerce, and capital gains tax relief. They see these measures as essential to revitalising investment, fostering innovation, and driving job creation across India's thriving startup ecosystem.

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Chief HR officer roles in India Inc see highest churn

CFO News

One in every 10 CXOs changed jobs in the year ending June, with certain roles experiencing higher turnover than others, according to an analysis by specialist staffing firm Xpheno. The study, based on 37,000 C-suite movements, found that the roles of chief human resources officer (CHRO) saw the highest churn at 20%, followed by chief sales officers (CSOs) at 18% and chief product officers (CPOs) at 15%.

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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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India Inc raises record $30 billon in 6 months, riding FPO wave

CFO News

Indian companies have raised a record $29.5 billion in the equity market through IPOs & FPOs in the first half of 2024, more than double the amount raised last year. Follow-on public offers accounted for 85% of the total proceeds. Analysts anticipate a potential record year for equity issuances.

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SAT orders Religare to apply with Sebi for open offer by Burmans

CFO News

Religare Enterprises directed by SAT to apply for Burman family's open offer to increase stake. Sebi's show cause notice stayed temporarily. Dispute arises over open offer price and 'fit and proper' allegations. Court battles and accusations of fraud escalate between Religare and the Burmans.

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Why RBI should be concerned about climate change

CFO News

Climatic factors are now increasingly playing an important role in influencing food and fuel inflation which tends to affect the overall inflation levels which is emerging as a big area of concern for monetary policy. ET explains how could climate change impact monetary policy.

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RBI job data matches with govt's: SBI Report

CFO News

The latest SBI Research Ecowrap report highlights that the Reserve Bank of India's KLEMS data and the Annual Survey of Unincorporated Sector Enterprises (ASUSE) employment numbers from the government closely align. According to the report, the RBI's KLEMS data estimates India's total labour force at 597 million, whereas the ASUSE survey by MoSPI puts it at 568 million, indicating a negligible difference.

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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.

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Fed would not wait for 2% inflation to consider rate cut: Powell

CFO News

The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. On Wednesday, Powell told lawmakers that he is not yet prepared to express confidence that inflation is moving sustainably down to two percent.

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In equity's Indian summer, IPOs and investors make hay in 2024

CFO News

The IPO market in 2024 has seen strong investor interest with 38 companies listing at an average gain of 25%. While some stocks like Jyoti CNC Automation and Exicom Tele-Systems have surged 100-300%, others are trading below offer price. Major IPOs from Bharti Hexacom and Aadhar Housing Finance have performed well.

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Construction companies likely to report subdued growth in Q1 amid lower awarding of projects, slow execution

CFO News

The financial performance of roads and construction companies in the June 2024 quarter is expected to remain muted due to delay in obtaining clearances related to acquisition of land parcels, severe heat wave across various parts of the country, and slack in construction activities amid the general elections held during the quarte