Accounting & Tax

Tax

Tax on Nonprofits Could Snare Companies, Too

A new excise tax on executive pay at tax-exempt entities may also apply to their affiliated for-profit companies, IRS guidance suggests.

David McCann
June 11, 2019
Auditing

Ex-EY Partner Sanctioned Over Inadequate Audit

The PCAOB says William Trainor improperly concluded he did not have to issue an adverse ICFR opinion for Forest Oil.
Financial Performance

Beyond Meat Sales Go Beyond Estimates in Q1

The company says its first earnings report since going public demonstrates "mainstream consumers' desire for plant-based meat products."
Auditing

PwC to Restructure U.K. Audit Practice

Amid growing pressure from regulators, the firm announced plans for a significant transformation of its audit business.
Financial Performance

Campbell Soup Tops Q3 Earnings Estimate and Lifts 2019 Outlook

Snack sales from the company’s purchase of Snyder’s-Lance is credited for the boom.
Financial Performance

GameStop Shares Drop 29% After Dividend Halt

The video game retailer will save about $157 million a year by eliminating the dividend as it struggles with shrinking profits.
Banking & Capital Markets

Flower Delivery Service FTD Files Bankruptcy

The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
Tax

Tax Departments Are Starving for Technology Investment

The tax function needs the same kinds of modern tools that finance and accounting are increasingly acquiring, Deloitte says.
Banking & Capital Markets

Blackstone Buys GLP Warehouse Properties

The $18.7 billion deal is a bet on the future of e-commerce and logistics growth.
Budgeting

Metric of the Month: Total Cost of Budgeting and Forecasting

Strong business partnering from finance helps ensure that the costs of planning, budgeting, and forecasting are well-spent.
The Economy

Brazil’s 0.2% GDP Drop Fans Recession Fears

"There is a very real risk of contraction, which would take the country into a technical recession," an economist warns.
Automation

How to Modernize the Treasury Department

To add value and move beyond their focus on processing, treasury departments must win management buy-in, automate, and reach out to other functions.
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