News
5 Time-saving strategies for CFOs to unlock greater potential
April 23, 2024
CFOs need to free up the time needed to ably execute on both strategic and tactical levels, according to McKinsey.
Updated FAQs provide details on phase-in timing of BOI access
April 19, 2024
Updated FAQs on beneficial ownership information (BOI) from Treasury's Financial Crimes Enforcement Network (FinCEN) include details on the timing of the phase in of access to BOI under Section 6403 of the Corporate Transparency Act (CTA), P.L. 116-283.
More than 4 in 5 large companies still offer flexible work model
April 17, 2024
Headlines can leave the impression that large companies are behind the times when it comes to offering corporate employees work location flexibility, but recent research paints a different picture.
68% of Gen Z workers would take an unwanted job for good pay: Report
April 15, 2024
Gen Z employees are looking for higher salaries and more work-life balance, according to new research from dcdx.
IRS grants limited waiver for underpayment of estimated corporate AMT
April 15, 2024
The IRS has provided a limited waiver of the addition to tax under Sec. 6655 for a corporate taxpayer's failure to pay estimated income tax with respect to its Sec. 55 corporate alternative minimum tax (AMT) liability.
Stop stress in its tracks to avoid burnout
April 15, 2024
With finance named as one of the most stressful professions in the UK, Molly Macfarlane speaks to an accountant about their experience with stress and a wellbeing coach on stress management.
The win-win of effective well-being initiatives: 5 steps for leaders
April 12, 2024
For business leaders, prioritizing employee well-being isn't just a good thing to do; it's a good thing for the bottom line.
Are you and your finance team fully embracing technology?
April 11, 2024
Finance leaders can ask themselves series of questions — on strategy, collaboration, processes, and extracting insights — to be empowered with technology.
CTCPA Joins AICPA, State Societies in Letter to Address 'Grave Concerns' with BOI Reporting, Request One-Year Delay
April 08, 2024
In a recent letter to the Department of the Treasury and the Financial Crimes Enforcement Network (FinCEN), the American Institute of CPAs (AICPA) and CTCPA, together with 54 state CPA societies, expressed serious concerns with the rollout and push to implement FinCEN’s Beneficial Ownership Information reporting requirement without regard for the impact to the small business community.
80% of women feel pressure to overperform at work
March 28, 2024
Caba’s recent research reveals the ongoing challenges that women face in the workplace, such as difficulty setting boundaries, reluctance to take time off and feeling pressure to overperform. Caba suggests steps that organisations should take to make the accounting profession more inclusive.
Organizations moving forward with generative AI despite concerns, survey shows
March 28, 2024
Finance leaders are still concerned about the expanded use of generative AI programs, such as ChatGPT and Microsoft Copilot, but more than a quarter of them say that hasn't stopped their organizations from experimenting with the technology, according to a new AICPA & CIMA survey.
Recruit, Engage and Retain: Create a Workplace Where Your Employees Will Thrive
March 27, 2024
The WIIFM, the age-old acronym for “What’s In it For Me,” is the mantra of today’s workforce, whether for prospective candidates or long-term employees. Firms are being pressed into looking for creative ways to attract talent and to retain that talent. And with the cost of onboarding a professional rising to the tens of thousands, firms are eager to maximize their return on investment.
71% of CFOs Plan to Raise Average Pay More Than 4%: Report
March 25, 2024
With core inflation in the U.S. hovering around 3%, the smaller pay increases employers offer workers this year may still outpace inflation.
Enforcement, voluntary programs yield over $1 billion from ERC claims
March 22, 2024
The IRS has identified about $1 billion in potential savings from erroneous employee retention credit (ERC) claims, with over half of that money coming from enforcement efforts and the rest from the ERC voluntary disclosure program (VDP) and claim withdrawal process, officials said Friday.
How finance leaders can motivate their teams (and themselves)
March 21, 2024
Experts suggest five tactics that can keep finance team members motivated, engaged, and performing well in their role.
How financial services companies are responding to employee demands
March 21, 2024
If you're looking to hire in the financial services space, you can bank on one thing: The large majority of your competitors are offering candidates some form of a flexible work schedule.
Crypto Fraud Losses Rose to $3.9B in 2023, a 53% YoY Increase: FBI
March 20, 2024
Americans made over 43,000 complaints to the FBI’s Internet Crime Center about potential cryptocurrency scams last year.
Seven warning signs of incorrect Employee Retention Credit claims for businesses to review as key March 22 deadline approaches
March 20, 2024
To counter promoters that marketed misleading information about the Employee Retention Credit (ERC), the Internal Revenue Service urged businesses to review seven suspicious signs of a bad claim and see if the agency’s special programs can help them avoid future compliance issues.
66% of Boards Indifferent or Uninterested in Finance GenAI Adoption: Report
March 18, 2024
Boards of directors are more likely to push for GenAI implementation in areas outside finance, according to Deloitte.
Finance and DEI: How CFOs Can Depoliticize and Reduce Legal Risk
March 15, 2024
Diversity, equity, and inclusion involves legal boundaries, culture, and ROI.