News
Penalty for underpayment of estimated corporate AMT waived for 2023
June 08, 2023
The IRS on Wednesday issued Notice 2023-42, which grants penalty relief for corporations that did not pay estimated tax in connection with the new corporate alternative minimum tax (CAMT), saying the move is "in the interest of sound tax administration."
AI won't take your job, But someone using AI might
June 07, 2023
ChatGPT is the latest in a very long line of artificial intelligence (AI) advancements to result in much scaremongering.
Tactics to manage and resolve workplace conflict
June 07, 2023
Framing conversations, using emotional intelligence, and bringing in a mediator if needed can help resolve business workplace conflict.
Accounting giants join AI investment rush
June 06, 2023
Thanks to the hoopla surrounding ChatGPT and other generative artificial intelligence (AI) tools, private and public investors are caught up in a funding frenzy recently characterised by the FT as “the latest Californian gold rush”.
Future of Finance: Upskilling is crucial, but mindset is the crux
June 05, 2023
From the formation of the Future of Finance Leadership Advisory Group (FFLAG) two years ago all the way through Monday's session at AICPA & CIMA ENGAGE 2023, finance leaders have consistently "FFLAGed" the talent pipeline and digital transformation as the top issues on their to-do list.
Leadership on LinkedIn: Pathways and Pratfalls
June 02, 2023
With LinkedIn dominating the professional social media landscape, leaders who want to establish a brand must take heed of the pitfalls.
Pessimism, contraction plans rise for CPA decision-makers, survey shows
June 01, 2023
Three years ago, at the onset of the COVID-19 pandemic, CPA decision-makers in business and industry were historically pessimistic about their own organizations.
72% of Business Leaders Want AI Adoption Within 3 Years: Weekly Stat
May 31, 2023
New data suggests that leaders are highly interested in AI but must plan around the risks associated with adoption.
5 DE&I Strategies for Small Businesses
May 26, 2023
Here’s how small businesses can implement diversity, equity, and inclusion initiatives to strengthen their culture and continue to evolve.
4 ways CFOs can maximise the benefits of predictive analytics
May 24, 2023
Achieving maximum value from predictive analytics requires a robust strategy and a model with a human-centric design that is also appropriate to the business.
61% of Managers Say Exec Leaders Hold Them Back From Innovation: Weekly Stat
May 24, 2023
Many finance leaders have a hands-on approach to leadership, but most managers believe it impedes their ability to innovate.
Younger workers turn to side hustles to stay afloat
May 23, 2023
Half of Gen Z and Millennial workforces say they live paycheque to paycheque, and many had to take on a second job due to financial concerns.
4 questions CFOs need to ask before Q3
May 22, 2023
Data from CFO surveys identifies four trends that finance leaders need to address before the second half of the year.
Coalition Including CPAs Calls Attention to New Beneficial Ownership Information Reporting Requirements
May 22, 2023
The American Institute of CPAs (AICPA) joined a coalition of organizations who have come together to make taxpayers and practitioners aware of the new Beneficial Ownership Information (BOI) reporting requirement. BOI is an anti-money laundering initiative enacted through the Corporate Transparency Act (CTA) in 2021, which mandates that BOI information is reported to the Financial Crimes Enforcement Network (FinCEN).
How Connecticut changed during COVID, in 10 charts
May 21, 2023
On May 10, exactly three years and two months after Gov. Ned Lamont declared a public health emergency in response to the COVID-19 pandemic, he declared it over.
AICPA releases expanded plan for addressing CPA pipeline challenges
May 17, 2023
The AICPA released an expanded plan Thursday focused on boosting the profession's talent pipeline. The detailed plan features input from a significant set of stakeholders and calls for those stakeholders to work together to increase the number of accounting graduates and the number of graduates who obtain CPA licensure.
Why private companies need a plan for ESG reporting, assurance
May 17, 2023
A midnight rummage through your refrigerator won't result in the discovery of something manufactured by Southwire alongside your favorite brand of cheese, but that cheese might not smell so appetizing without Southwire.
70% of Gen Z Employees Would Switch Jobs for Better Tech: Weekly Stat
May 10, 2023
CFOs who want to retain Gen Z employees — a group that will make up more than a quarter of the workforce by 2025 — should embrace technology.
A business imperative for promoting employees’ mental health
May 10, 2023
A corporate leader felt strongly about addressing mental health in the workplace, so she wrote a book about it. Creating “a sense of belonging” is one first step for organisations.
Meta says ChatGPT-related malware is on the rise
May 05, 2023
Potential abuses of generative AI technology ChatGPT are causing concern as the phenomenon is likened to cryptocurrency scams.