Tax: Page 8
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Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
U.S. Recovers $2.3M in Bitcoin From Colonial Pipeline Hackers
A U.S. government task force has reportedly seized more than $2.3 million, out of the $4.3 million, in Bitcoin, which was used to pay the ransom in an attack on the Colonial Pipeline system.Officials from the Department of Justice said in a press conference on Monday that they had found and recap...
By Lauren Muskett • June 8, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Gensler Ousts PCAOB Chair; Other Board Members to Follow
In a statement that hit the Securities and Exchange Commission website at 4:14 p.m. on Friday, SEC Chair Gary Gensler said he removed William D. Duhnke III, chair of the Public Company Accounting Oversight Board, effective immediately.Duhnke III’s term was not officially up until October 24, 2022...
By Vincent Ryan • June 7, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Beyond Meat Appoints Phil Hardin CFO
Beyond Meat appointed Phil Hardin as its new finance chief. Hardin joins the plant-based meat maker from Amazon, where he worked for 15 years in finance and investor relations across several business units. Hardin was most recently vice president of finance for Amazon Advertising and held other l...
By Lauren Muskett • June 4, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending June 4
Aradhana Sarin Aradhana Sarin will become CFO at AstraZeneca when its takeover of Alexion Pharmaceuticals is completed later this year. Dr. Sarin is currently executive vice president and chief financial officer of Alexion. She joined Alexion in November 2017 and was chief business and strategy o...
By Lauren Muskett • June 4, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Six Ways CFOs Can Help Small Businesses Recover
Many small- and medium-size businesses have been sailing through incredibly turbulent waters for over a year. As of May 2021, 34% of small businesses in the U.S. remained closed. Even as the economy picks up and GDP growth surges back, overall confidence in the small business sector remains low, ...
By Steve McNally • June 3, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Blockchain Strategies Needed as U.S. Clamps Down on Crypto
Two developments unfolding in Washington this spring should have corporate finance and tax departments brushing up on their blockchain. First, Gary Gensler was confirmed as the chair of the Securities and Exchange Commission (SEC). Then, the Biden administration announced a new tax enforcement pl...
By Lauren Muskett • June 2, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Microsoft Accuses SolarWinds Hackers of USAID Cyberattack
Microsoft has blamed the Russian SolarWinds hackers, Nobelium, for compromising the United States Agency For International Development’s (USAID) mass email system to violate the accounts of over 150 global government agencies, human rights groups, and non-governmental organizations (NGOs), the Fi...
By Vincent Ryan • June 1, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending May 28
Heather Dixon Health care provider Everside Health hired Heather Dixon as its new chief financial officer. Dixon previously served as senior vice president, global controller, and chief accounting officer of Walgreens Boots Alliance. Before that, she was vice president, controller, and chief acco...
By Lauren Muskett • May 28, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Is Bitcoin a Buy?
Having covered cash management and treasury in-depth at CFO for years, I’ve been astounded by the statements of companies investing slices of their cash reserves in Bitcoin. Some business media outlets, too, suggest it makes perfect sense for a VP of treasury to take short-term cash residing in m...
By Vincent Ryan • May 27, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Time for CFOs to Influence the SEC’s Climate Effort
Corporate sustainability is an increasingly big tent containing a broad spectrum of views and practices. In recent years, talk of “corporate purpose” and “stakeholder capitalism” has grown in importance and garnered the most attention.Ironically, however, behind the headlines, the most meaningful...
By Lauren Muskett • May 25, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
AMC’s CEO Uses Social Media to Connect With Retail Investors
AMC Entertainment CEO Adam Aron is planning to increasingly engage with the movie theater chain’s new-found backers, the retail investors, through Twitter.What Happened: Aron took to Twitter earlier this month to say that he has started following “Apes” — a nickname for retail investors who are p...
By Lauren Muskett • May 25, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
CFOs On the Move: Week Ending May 21
Dan Janki Dan Janki is the new finance chief at Delta, effective July 12. Janki joins the airline from General Electric, where he is currently senior vice president and CEO of GE power portfolio. He has more than 25 years of experience at GE in a variety of senior roles, including CFO for GE cons...
By Lauren Muskett • May 21, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Senators Introduce Bipartisan Postal Reform Bill
In the latest effort to restore the U.S. Postal Service to financial health, a bipartisan group of U.S. senators has introduced legislation that would save it $46 billion over the next 10 years.The Postal Service Reform Act of 2021 would eliminate the requirement under a 2006 law that USPS pre-fu...
By Matthew Heller • May 20, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
PCAOB Critics Call On Gensler to Clean House
A group of 11 investors has asked new Securities and Exchange Commission chair Gary Gensler to perform a major housecleaning at the Public Company Accounting Oversight Board.The investors, former members of the PCAOB’s Investor Advisory Group (IAG), accuse the PCAOB of “drifting away” from its “c...
By Vincent Ryan • May 20, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Small-Biz Owners Used Forbearance, HELOCs to Survive
How did so many small businesses survive the worst of the pandemic? The Paycheck Protection Program helped. But it took more than that to keep many small businesses financially afloat.On Wednesday, an analysis by the New York Fed provided some clues. By drawing on data from its Consumer Credit Pa...
By Vincent Ryan • May 20, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
China Cryptocurrency Warning Leads to Crypto Selloff
The People’s Bank of China issued a statement on Tuesday cautioning against the use of cryptocurrencies as a means of payment.What Happened: Despite the fact that Chinese officials were merely reiterating their previous stance on trading virtual currencies, the news seemed to deepen the existing ...
By Lauren Muskett • May 19, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
EV Startup Faces SEC Investigation
Electric vehicle startup Canoo is being investigated by the U.S. Securities and Exchange Commission, the electric vehicle startup’s CEO told analysts in a post-earnings call.What Happened: The Los Angeles, California-based company, which went public through a reverse merger with special purpose a...
By Lauren Muskett • May 18, 2021 -
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Improving ROIC: Reevaluate How Capital Is Invested
CFOs often look at return on invested capital (ROIC) to enhance the capital required to grow their businesses, particularly with the need for fast-paced transformation. But the denominator of the ROIC equation, “invested capital,” often takes a back seat; this can hamper long-term value creation ...
By Lauren Muskett • May 18, 2021 -
Getty Images
JPMorgan Chase Names Jeremy Barnum CFO
With Jennifer Piepszak being named co-head of JPMorgan Chase’s consumer and community banking (CCB) business, the banking giant this morning named Jeremy Barnum its new finance chief.Barnum was head of global research for JPMorgan’s corporate and investment bank (CIB), a post he was named to in F...
By Vincent Ryan • May 18, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
AMC’s Raises Equity to Boost Cash Position
AMC Entertainment Holdings said Thursday it had completed a previously announced “at-the-market” equity sale for 43 million shares.What Happened: The movie theater chain raised nearly $428 million in fresh equity capital before taking into account commissions and fees at an average price of $9.94...
By Lauren Muskett • May 14, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
PCAOB Proposes Rule for Foreign Audit Inspections
The Public Company Accounting Oversight Board has proposed a framework for implementing a new law that could result in the delisting of Chinese companies.Under the Holding Foreign Companies Accountable Act (HFCAA), which was passed in December, companies that fail to comply with American auditing...
By Matthew Heller • May 14, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Corporate Cash Holdings Metric Offers Mixed Signals
Many companies beefed up their cash and short-term investment balances in 2021’s opening quarter, but not all of them.In fact, 34% of organizations cut their cash holdings, compared with the 40% who increased them. The +6 percentage point difference is what the Association for Financial Professio...
By Vincent Ryan • May 11, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Big Tech Join Intel to Seek Chip Production Funding
Chip buyers, including Apple, Microsoft, and Alphabet’s Google, have joined chip-makers like Intel to create a new lobbying group seeking $50 billion in Congressional funding for a domestic semiconductor production boost under the CHIPS for America Act, Bloomberg reports.The newly created Semicon...
By Lauren Muskett • May 11, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
A Dedicated M&A Team May Be Worth It
Not many CFOs have specialized corporate development teams to turn to when hunting takeover and merger targets. Indeed, a little more than one-third (37%) of publicly held U.S. companies had specialized M&A staffs between 2000 and 2017.If your company can afford it and has designs on building...
By Vincent Ryan • May 11, 2021 -
Thefirst, Leeloo. "A Mobile Phone with Calculator Near the Documents" [Photograph]. Retrieved from Pexels.
Bridgewater CFO Joins Bitcoin Firm NYDIG
New York Digital Investment Group (NYDIG) appointed John Dalby as the Bitcoin financial services firm’s chief financial officer.Dalby, who was most recently CFO of Bridgewater Associates, the world’s largest hedge fund, brings more than 20 years of experience in capital markets, asset management,...
By Lauren Muskett • May 10, 2021
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