News
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.
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 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.
3 Steps CFOs Must Take to Prepare for the New Merger Guidelines
March 12, 2024
Finance chiefs and dealmaking teams should act quickly to stay competitive and ensure readiness for the merger guidelines changes.
Decision holding Corporate Transparency Act unconstitutional appealed
March 12, 2024
The U.S. Justice Department (DOJ) appealed a federal court decision that held the Corporate Transparency Act (CTA), P.L. 116-283, which requires the reporting of beneficial ownership information (BOI) by businesses, is unconstitutional.
Trust issues: How earning employee trust can pay dividends
March 12, 2024
Employees who feel trusted by their employers feel empowered to do their best work. Improved employee output can, in turn, fuel consumer trust.
82% of CFOs Say Their Role Has Grown Significantly: Report
March 11, 2024
Globally, CFOs have been given increasing responsibility most often in ESG, M&A, and corporate strategy, according to a new survey.
No retreat from DEI
March 11, 2024
The American Institute of CPAs' Crystal Cooke talks about why the perception that companies are scaling back their diversity efforts is wrong, and how accounting can move forward in its pursuit of diversity, equity and inclusion.
Economic optimism, hiring plans rise despite continued concern about inflation
March 07, 2024
As winter fades into the spring, optimism is on the rise — 43% of finance executives share a sunnier outlook on the U.S. economy, according to the latest quarterly survey released by AICPA & CIMA.
DOL Enacts New Independent Contractor Test
March 06, 2024
The Department of Labor has announced a six-factor test for determining whether a worker is an independent contractor or an employee under the Fair Labor Standards Act. This new rule takes effect on March 11, 2024.
SEC adopts climate-related disclosure rule
March 06, 2024
The SEC on Wednesday adopted a long-awaited rule for climate-related disclosures.
Federal court rules Corporate Transparency Act unconstitutional
March 05, 2024
On March 1, 2024, Judge Liles Burke of the U.S. District Court in Huntsville, Alabama, held that the Corporate Transparency Act — and the beneficial ownership information reporting mandate it includes — is unconstitutional, because it exceeds the powers granted to Congress by the Constitution.
Plaintiffs: FinCEN should pause all CTA enforcement
March 05, 2024
The Financial Crimes Enforcement Network (FinCEN) should pause all enforcement of the Corporate Transparency Act (CTA), P.L. 116-283, and its required beneficial ownership information (BOI) reporting until a legal challenge works its way through the courts, plaintiffs who won the first round of the case said Tuesday.
With 340,000 fewer accountants, companies pay the price
March 01, 2024
Mistakes continued to pile up this earnings season in the wake of Lyft Inc.'s market-roiling typo: Planet Fitness Inc., Mister Car Wash Inc. and Rivian Automotive Inc. all had to correct their quarterly earnings statements. These types of errors shake investor confidence and in extreme cases can result in heavy fines from the Securities and Exchange Commission.