Tax: Page 3
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6 Trump tax plan ideas CFOs should know about
Here’s how President-elect Donald Trump’s tax plans will impact CFOs in their professional and personal lives.
By Adam Zaki • Nov. 12, 2024 -
Navigating the ‘tax trifecta’: A CFO guide in an era of disruption
The Tax Cuts and Jobs Act expiration, ongoing implementation of the OECD’s global tax deal and waves of regulatory change are reshaping the corporate tax function.
By Rema Serafi • Oct. 1, 2024 -
Explore the Trendline➔
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TrendlineTax policy shifts: What CFOs need to know to stay ahead
Discover how evolving tax policies are creating new opportunities and challenges for CFOs.
By CFO.com staff -
AICPA, NASBA propose competency-driven CPA licensure path
The AICPA and NASBA say they’re working together to address the accounting shortage and controversial 150-credit hour requirement by creating a new set of requirements to earn a CPA license.
By Adam Zaki • Sept. 18, 2024 -
5 key issues impacting global corporate tax policy
These global tax policy themes are shaping the changing tax landscape.
By David McCann • Aug. 6, 2024 -
Tax leaders add value when acting strategically: report
Tax leaders should consider how to bolster communications with key organizational leaders to build trust and advocate for resources.
By David McCann • June 17, 2024 -
2024 CFO Tax Outlook
CFOs must examine the tax landscape in the face of economic uncertainty, persistent inflation, labor market challenges, and now, a federal election cycle.
By CFO Editorial Staff • Feb. 26, 2024 -
Ticking Tax Clock: CFOs Address Tax Policy Politics and Hidden Taxes
This is the second article in a two-part series about how domestic and foreign tax rules influence strategic decisions made by CFOs.
By Susan Mangiero, CFA, MBA, PhD • Feb. 23, 2024 -
CFOs Can’t Be Lax About Taxes: 3 Concerns in 2024
“Public company CFOs must ensure they are getting the right tax advice on an ongoing basis. Taxes become part of the CFO’s decision-making toolbox,” tax consultant Gary Morrison said.
By By Susan Mangiero, CFA, MBA, PhD • Feb. 22, 2024 -
84% of Tax Leaders Fear Double Taxation Due to Global Tax Reforms: Report
Seventy-five percent of tax leaders told EY ineffective technology was either their first or second biggest challenge in transfer pricing.
By Adam Zaki • Jan. 17, 2024 -
Opinion
4 Tax Policies to Watch in 2024
Several key items will top the tax agenda this year.
By Rema Serafi • Jan. 4, 2024 -
FASB Income Tax Disclosure Compliance Won’t Be An Easy Lift
“I think it is fair to say that this is a significant chapter in greater tax transparency,” said Brett Weaver, partner and ESG tax leader at KPMG.
By Vincent Ryan • Sept. 7, 2023 -
90% of Finance Leaders Plan to Reduce or Pause Spending to Meet Short-Term Targets
With the time crunch to meet goals while also planning for an uncertain future, CFOs who balance the now and later precisely may be better off.
By Adam Zaki • July 10, 2023 -
Non-GAAP Definitions, Environmental Credits, ESG Data: Baruch Conference Highlights
Back in person for the first time since the pandemic, the Baruch auditing conference provided valuable insights and frank discussions.
By Vincent Ryan • May 9, 2023 -
Overburdened Audit Committees Threaten Quality of External Audits
Most public company CFOs would want audit committee members to be available, aware, and undistracted. Unfortunately, audit committees, in general, are drowning in information and data, having been handed an almost endless list of oversight responsibilities. That trend may endanger the quality and...
By Vincent Ryan • May 8, 2023 -
PCAOB Inspection of SPAC Audits Finds Flaws
Inspections of more than 100 SPAC-related U.S. public company audits performed in 2021 and 2022 found significant deficiencies, according to the Public Company Accounting Oversight Board (PCAOB).The deficiencies included weaknesses in internal controls, incomplete audit sampling techniques, insuf...
By Vincent Ryan • April 24, 2023 -
FASB Issues Draft of Crypto Asset Accounting Rules
If a new accounting standard for crypto assets is approved, companies would have to reveal more information about their holdings of cryptocurrencies. But they would also get net income boosts when crypto assets rise in value.The Financial Standards Board (FASB) published a proposed accounting sta...
By Vincent Ryan • March 27, 2023 -
54% of CFOs Have Positive Outlook Despite Economy: Weekly Stat
Despite feeling largely unprepared for any type of recession last year, CFOs and their executive counterparts have used 2023 to tighten up both spending and corporate policies. Through automation and technology, outsourcing, wide-scale changes to work environments, and job cuts, many organization...
By Adam Zaki • March 15, 2023 -
Only 17% of Finance Leaders Expect a Worse 2023: Weekly Stat
Despite an unpredictable economic and geopolitical climate, executives remain confident in pursuit of their set goals in 2023. Finance leaders still expect their companies to perform during economic downturn, and some even expect to grow their companies regardless of what takes place.According t...
By Adam Zaki • Feb. 22, 2023 -
5 Ways to Speed Up the Year-End Close: Metric of the Month
The annual close comes during one of the heaviest workloads of the year for accountants. Month-end, quarter-end, and year-end closing processes converge in a perfect storm that takes time and energy away from operations-supporting daily activities. However, the best accounting teams don’t wait un...
By Perry D. Wiggins • Feb. 8, 2023 -
Opinion
Are Financially Constrained Firms Bad Audit Clients?
Not all firms have easy access to capital markets, particularly when economic conditions worsen. Whereas large and mature firms are considered relatively financially unconstrained, others typically have limited internal funds and face more friction when attempting to raise external financing. Ho...
By Ahmet Kurt • Feb. 7, 2023 -
Cycle Time for Short-Term Cash Forecasting: Metric of the Month
In moments of disruption — whether from a global pandemic, geopolitical conflict, a recession, or something else — the need to prepare an accurate short-term cash flow forecast becomes critical. The ability to create and adjust these forecasts quickly allows management to make better and more inf...
By Perry D. Wiggins • Jan. 3, 2023 -
Only 27% of Businesses Can Forecast at Scale With Data Analysis Tools
Dependency on data, and the accuracy of that data, is pivotal for any organization. But in a recent research report from insightsoftware, less than a third (27%) of organizations said a majority of their users can forecast at scale using current data analysis tools. As dependency on data increase...
By Adam Zaki • Dec. 14, 2022 -
58% of CFOs Said Cost Optimization Is Their Top Concern: Weekly Stat
More than half (58%) of finance executives said cost optimization is their biggest concern over the next six months, according to recent data compiled from 246 CFOs by Grant Thornton. With workforce rationalization and liquidity also being major concerns for those surveyed (40% and 37%, respectiv...
By Adam Zaki • Dec. 7, 2022 -
Q4 Checklist for CFOs: 6 Things to Clean Up
For a CFO, the fourth quarter brings a lot of stress not normally felt throughout the year. First, there’s the budget for next year, and then, the year-end close, and completing any tax-driven transactions. But there’s one item, which is often given short shrift, that a chief financial officer sh...
By Eric Segal • Nov. 28, 2022 -
Recession Resilience: The Power of Recurring Revenue
If the pandemic taught the CFO anything, it's that businesses need to be prepared for anything. That is why finance leaders need to strategize a long-term approach to protecting revenue, jobs, and customer satisfaction and ultimately build resilience into their business models. Despite recent in...
By Todd McElhatton • Nov. 17, 2022