Tax: Page 10
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Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFO Job-Hopping: How Much Is Too Much?
While executive recruiter David Arnold and the CEO of a high-profile Silicon Valley company were discussing the company’s CFO search, the CEO told Arnold, “If you send me someone who has had a lot of short stops, I’ll be skeptical.” That was a red flag and her “number one pet peeve,” says Arnold,...
By Sandra Beckwith • April 8, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Credit Suisse Rearranges C-Suite
Credit Suisse Group has announced a shake-up of its upper executive level following the consecutive disasters it absorbed from the collapse of the Archegos Capital Management hedge fund and the freezing of $10 billion in investment funds connected to Greensill Capital, a failed British-based supp...
By Lauren Muskett • April 6, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CPA Charged With Violating Auditing Rules
A Texas accountant has been charged with performing an audit for a public company even though his firm was not registered with the Public Company Accounting Oversight Board.The U.S. Securities and Exchange said Christopher Knauth’s fiscal 2018 audit of tech firm Zenergy Brands — the first he had ...
By Matthew Heller • April 6, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Total Cost to Manage Taxes: Metric of the Month
It has been said that the only certainties in life are death and taxes. And unless your company is a large corporation with teams of lobbyists in Washington, D.C., it’s a certainty that your organization is going to pay a lot of taxes to a lot of entities — income taxes, payroll taxes, property t...
By Perry D. Wiggins • April 1, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Spotting State-Sponsored Cyberattacks
Reports of attacks against U.S. government networks and thousands of private companies, allegedly by hackers working for China and Russia, have raised the profile of state-sponsored cyberattacks.The Center for Strategic & International Studies keeps a running list of such attacks, and they nu...
By Vincent Ryan • March 31, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
PCAOB Forms Stakeholder Advisory Group
On Monday, the Public Company Accounting Oversight Board (PCAOB) approved the formation of a new advisory group that will include stakeholders outside of the audit profession. The board unanimously approved creating an 18-person standards advisory group (SAG) that will include investors, audit co...
By Vincent Ryan • March 30, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
WeWork to Go Public Via SPAC Merger in $9B Deal
SoftBank-backed shared office provider WeWork has decided to go public via special-purpose acquisition company (SPAC) merger with BowX Acquisition, almost two years after its failed traditional initial public offering.What Happened: WeWork inks long-term leases with landlords. The company then su...
By Lauren Muskett • March 26, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
SEC Unveils Rule on Oversight of Chinese Issuers
The U.S. Securities and Exchange Commission has proposed the guidelines it will use to implement a Trump administration law that authorizes it to delist Chinese stocks.The Holding Foreign Companies Accountable Act (HFCAA) is not aimed exclusively at China but according to legal experts, its most ...
By Matthew Heller • March 24, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
The Balanced Scorecard Approach to Capital Investment
Loren Garruto, EY CFOs need to determine suitable capital investments to drive long-term value amid rapid pandemic-era market changes and as stakeholders focus on changing measures of progress. How can they track the right metrics to make these decisions? The answer lies in developing a balanced ...
By Vincent Ryan • March 22, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
U.K. Proposes Reforms to Upgrade Audit Sector
The British government on Thursday unveiled proposals to modernize the country’s audit sector after a series of high-profile audit failures.The proposed reforms would, among other things, dilute the dominance of auditing by the “Big Four” accounting firms, possibly cap their share of FTSE 350 aud...
By Matthew Heller • March 18, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
GE Commits to Cutting Debt By 35% Within 3 Years
General Electric on Wednesday told investors more debt reduction is on the way and offered clarity on the company’s plans to manage and reduce debt by 2023.What Happened: The U.S. industrial conglomerate last week reiterated its 2021 forecast and announced a deal to sell its jet-leasing business ...
By Lauren Muskett • March 18, 2021 -
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Remote Workers Alter State Taxes
The pandemic expedited remote working as a necessity which has forced business owners to grapple with several questions, including employee efficiency, effectiveness, and the cultural impacts that remote working has on a company or firm. We can now add another concern to this growing list of ques...
By Vincent Ryan • March 17, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
From Amazon Towards Microsoft — A Shift in the Cloud Arms Race
Microsoft is poised to chip away further market share from Amazon cloud subsidiary Amazon Web Services, according to Wedbush Securities.The Microsoft Analyst: Wedbush analyst Daniel Ives maintained his “outperform” rating and $300 price target on the Satya Nadella-led tech giant.The Microsoft The...
By Lauren Muskett • March 16, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Chamber Urges SEC Caution on Climate Disclosure
The U.S. Chamber of Commerce has urged the Securities and Exchange Commission to proceed cautiously on climate risk disclosure, saying enforcement efforts should not take precedence over rulemaking.In a letter to Acting SEC Chair Allison Herren Lee, the Chamber suggested the commission had acted ...
By Matthew Heller • March 16, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Lordstown Motors Responds to Short Seller
Electric truck startup Lordstown Motors has angrily challenged a report from short seller Hindenburg Research that accuses the company of fraudulently marketing itself.Hindenburg’s report “The Lordstown Motors ‘Mirage’: Fake Orders, Undisclosed Production Hurdles, And A Prototype Inferno,” detail...
By Vincent Ryan • March 12, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
SEC Cautions On Celebrity SPACs
The U.S. Securities and Exchange Commission held a meeting Thursday and among the topics covered were special purpose acquisition companies (SPACs) and how they should be viewed going forward.What Happened: The SEC hosted a panel with some experts in the SPAC field to discuss the positives and ne...
By Lauren Muskett • March 12, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Goldman Sachs Evaluates Bitcoin as Client Demand Rises
Goldman Sachs Group is currently evaluating how to own and invest in Bitcoin while making sure it is regulated in its approach, according to recent statements from the bank’s COO.What Happened: According to Reuters, John Waldron, president and chief operating officer at Goldman, said that the ban...
By Lauren Muskett • March 11, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
5 Leadership Traps to Avoid Post-COVID
No more excuses.The pandemic’s first year gave leaders some slack: The situation was novel, the challenges unique. Everyone was flying blind.Those days are over. We’re still confronting the crisis, but the adrenaline has worn off. If you’re leading a team or a company, you may have gotten a pass ...
By Chris McChesney • March 10, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFO Exits Can Trigger Positive Changes
President John F. Kennedy once commented that the word “crisis,” as written in Chinese calligraphy, involved two brush strokes — one representing danger, the other opportunity. “In a crisis, be aware of the danger, but recognize the opportunity,” Kennedy advised.His point is useful advice for CFO...
By Mark Partin • March 9, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFOs Can Shape the Post-Pandemic Workplace
The pandemic-mandated shift to remote work has forever changed how we do business by encouraging CFOs and leadership teams to rethink physical office spaces.The question remains: to what extent will these changes linger once we settle into a “new normal?”Margulies Perruzzi and Kotter recently rel...
By Lauren Muskett • March 8, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
AT&T Charged With Improper Calls to Analysts
Three AT&T investor relations executives have been charged with sharing nonpublic information with analysts to get them to lower their revenue forecasts so the company would avoid a third straight quarterly earnings miss.The U.S. Securities and Exchange Commission said AT&T violated Regul...
By Matthew Heller • March 8, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
New SEC Task Force to Police Climate Disclosure
The U.S. Securities and Exchange Commission has unveiled a new Climate and ESG Task Force in another move to step up enforcement of disclosure of climate risks.The task force will “develop initiatives to proactively identify ESG-related misconduct” and coordinate the effective use of Division res...
By Matthew Heller • March 5, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Holding Bitcoin Still Risky
At least a couple of technology companies have invested in Bitcoin to widespread wonder. Last year, MicroStrategy adopted Bitcoin as its primary treasury reserve, buying 38,250 in Bitcoin for $425 million between August and September 2020. Digital payments company Square, which supports Bitcoin b...
By Vincent Ryan • March 5, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending March 5
Drew Vollero Reddit hired Drew Vollero as its first finance chief. Vollero joins Reddit from U.S. security and facility services firm Allied Universal, where he was CFO. Vollero previously served as Snap’s first CFO, where he led the social media company through its IPO. Earlier, he worked at Mat...
By Lauren Muskett • March 5, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Noodles & Company CFO Discusses Longer-Term Outlook
Casual fast food chain Noodles & Company reported fourth-quarter results on Feb. 25 and discussed a three-year strategic growth plan.On Monday, Benzinga had the opportunity to chat with Noodles & Co. CFO Carl Lukach about the company’s outlook one year after the coronavirus pandemic first...
By Lauren Muskett • March 4, 2021
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