Skip to main content

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.

  • business and industry
  • diversity
  • practice management

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.

  • business and industry
  • career resources
  • practice management

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.

  • business and industry

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.

  • business and industry
  • practice management
  • advocacy - federal
  • federal tax

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.

  • business and industry

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.

  • business and industry
  • practice management
  • technology and cybersecurity

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.

  • business and industry
  • practice management
  • advocacy - federal
  • federal tax

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.

  • business and industry

Finance and DEI: How CFOs Can Depoliticize and Reduce Legal Risk

March 15, 2024

Diversity, equity, and inclusion involves legal boundaries, culture, and ROI.

  • business and industry
  • diversity

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.

  • business and industry

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.

  • business and industry
  • advocacy - federal
  • boi

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.

  • business and industry
  • practice management

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.

  • business and industry

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.

  • business and industry
  • diversity
  • practice management

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.

  • business and industry
  • practice management

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.

  • accounting and auditing
  • business and industry
  • practice management
  • advocacy - federal

SEC adopts climate-related disclosure rule

March 06, 2024

The SEC on Wednesday adopted a long-awaited rule for climate-related disclosures.

  • business and industry
  • advocacy - federal

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.

  • business and industry
  • practice management
  • boi

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.

  • business and industry
  • practice management
  • boi

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.

  • accounting and auditing
  • business and industry