Wed.May 29, 2024

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Why “Deferred Sales Trusts” Can Be A Risky Way To Defer Taxes On A Business Sale

Nerd's Eye View

Small business owners often treat their businesses not only as their source of income during their working years, but also as an asset that can be sold to fund their retirement. And while many businesses can build up substantial value over the years, the downside is that, when that value is realized upon the sale of the business, a large amount of it is treated as taxable income.

Sales 98
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‘Worst’ yet to come for commercial real estate: Conference Board

CFO Dive

Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.

Banking 347
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Trending Sources

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Indian products worth $ 1.3 billion could be affected due to European Union's trade barrier

CFO News

A new law seeks to ban products such as palm oil, coffee, cattle, cocoa, rubber, soy, timber, printing paper, and derived products like leather, chocolate, tyres, and furniture that originate from land deforested after December 31, 2020.

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65% of CFOs are building GenAI into their strategy: Billtrust

CFO Dive

The study also found a significant knowledge gap, with only 49% of CFOs saying they felt “very knowledgeable” about GenAI's capabilities.

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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ITAT rules NCD redemption premium as interest income, not capital gains

CFO News

NCD Redemption Premium: The tribunal’s decision aligns with the view that redemption premiums constitute interest, considering the issuance terms of the NCDs.

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More Trending

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Finance professionals' guide to preparing sustainability reports

Future CFO

As it is an undeniable reality that chief financial officers and finance professionals must face matters on sustainability and dedicate ample time to understand the importance of sustainability reporting to harness potential benefits in operations and decision-making procedures, it is only fitting that finance leaders have a good grasp of how to prepare.

Finance 52
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Alphabet’s Google Fiber appoints its first CFO

CFO Dive

John Abbot, a Goldman Sachs and Morgan Stanley alum, has taken Google Fiber’s finance reins.

CFO 241
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Work overnight for FPI tax papers: Sebi tells big four firms

CFO News

At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale of stocks here to other international markets the very next day.

Sales 52
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Planful vs. Vena

The Finance Weekly

Financial planning and analysis (FP&A) solutions provide a complete platform for organizational planning, which is important for all businesses. Understanding their financial status and performance is key for business growth. A study revealed that inefficiencies in the traditional FP&A role, like manual preparation of P&Ls, balance sheets, and cash flows, lead to an annual economic loss of $6.1 billion.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Identifying sustainability-related information to be disclosed

Future CFO

Financial leaders are responsible on bringing competitive advantage to the organisation. And as companies become increasingly focused on ensuring accurate and transparent ESG reporting , driven by government policies, regulatory pressure, investor demand, and a growing fear of being accused of greenwashing, it is necessary for CFOs and finance professionals to understand what kind of sustainability-related information they must disclose.

Finance 52
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Redefining financial reporting through automation, analytics, and AI

Jedox Finance

Financial reports — income statements, balance sheets, and cash flow statements — are crucial for organizations because they offer a holistic picture of the financial performance and health of the business. They are intended to provide factual, relevant, insightful and comparable information, which internal and external stakeholders can use to inform future decision making.

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Meeting with PM Modi proved to be turning point for Bharti Airtel: Sunil Mittal

CFO News

Mittal recalled his meeting with Modi during an interview with ET after Airtel crossed the milestone of $100 billion market cap on May 27 after overcoming various adversities in its almost three decades of existence.

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At The Money: Your Financial Captain

Barry Ritholtz

At The Money: Your Financial Captain with Peter Mallouk (May 29, 2024) Who’s in charge of all of the details of your financial life? Not just the stocks and bonds, but your taxes, your will, your estate, any trusts, insurance, credit line, real estate, and anything that affects your financial health. In today’s ATM, we discuss the advantages of having a financial captain in charge of all of your financial affairs Full transcript below. ~~~ About this week’s guest: Peter Mallouk

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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IRDAI probes Care Health's stock option issue to Saluja

CFO News

IRDAI revealed that a probe into stock option allotment to Saluja is on in response to a query raised by Rahul Kanoj under the Right to Information Act (RTI) to the insurance regulator. The regulator said in its response, "The information sought is not furnished as the same would impede the process of investigation or apprehension." ET has seen IRDAI's response to the RTI query.

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SBI to sell guarantees of Reliance Naval promoter

CFO News

The bank, in a notice on its website, said that it has principal outstanding dues of Rs 1,160 crore and total dues of Rs 3,512 crore, as of May 31, 2024. The bank stated that it is seeking to assign the residual debt along with the guarantee. Nikhil Gandhi and his brother Bhavesh Gandhi have provided personal guarantees while SKIL Infrastructure provided corporate guarantees on the loan.

Banking 40
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Capital goods train delay hits India Inc's capex plans as manufacturers in China & Southeast Asia embark on their own expansion plans

CFO News

Geopolitical tensions and the Red Sea crisis have increased delivery times for machinery, affecting production lines and capital goods planning for Indian companies like Amber Group and Havells India.

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ADB commits USD 2.6 billion in sovereign lending to India

CFO News

Asian Development Bank (ADB) committed USD 2.6 billion (about Rs 21,500 crore) in sovereign lending to India in 2023 for various projects. The fund is aimed to strengthen urban development, support industrial corridor development, promote power sector reforms, build India's climate resilience, and enhance connectivity.

Banking 40
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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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Ahead of poll results, S&P Global raises India outlook to positive

CFO News

Irrespective of the election results it expects the incoming government to carry on economic reforms to support the growth vigour, continued infrastructure investment drive, and commitment to fiscal consolidation.

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Delhi High Court seeks details from Tesla Power India in trademark case with Tesla Inc

CFO News

The Delhi High Court has requested Gurugram-based Tesla Power India to submit an affidavit detailing the sales figures of electric vehicle scooters and the current inventory in a trademark dispute with US electric vehicle giant Tesla Inc. Justice Anish Dayal has instructed the company to provide information on dealers, launch dates, and stock availability.

Sales 40
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Some Indian ARCs are circumventing rules, says RBI's Swaminathan

CFO News

RBI Deputy Governor Swaminathan J. disclosed in a recent speech that some Indian Asset Reconstruction Companies (ARCs) have been skirting regulations, aiding in the "evergreening" of distressed assets. The RBI has ramped up supervision to curb systemic risks and ensure compliance. Swaminathan urged ARC boards to prioritize assurance functions like risk management and internal audit to identify and mitigate risks effectively.

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Boost for Indian economy! S&P upgrades India’s credit rating outlook to ‘positive’ from ‘stable’

CFO News

S&P Global Ratings has maintained India's sovereign rating, upgrading outlook to 'positive' due to the significant positive impact of India's strong economic growth on credit metrics. The credit rating was, however, maintained at 'BBB-'.

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Say ‘Goodbye’ to Clunky Spreadsheets and Say ‘Hello’ to Month-End Automation

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, emails, and shared drives no longer need to slow you down. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.