Good news: The feds are liable to scale back an accounting standard for commercial building leases that some business owners say may put them at a financial disadvantage with their competitors. The Financial Accounting Standards Board (FASB) may revise requirements…
Budgeting and Forecasting
Until now, there haven't been any specific accounting rules for cryptocurrency assets you may have. After all, crypto economics can be volatile. The price of bitcoin fell from $47,816 in January to $19,557 this month, according to YCharts. After putting…
It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing…
As you prepare your salary budgets for 2023, it’s important to know employees’ expectations in terms of pay and perks so you can avoid having to replace your best people in the new year and retain those you bring on…
When your peers were asked in August what they were planning to do with their 2023 annual salary increase budgets, not many said they were planning to freeze salaries. Salary increase budgets are likely to be larger than this year's…
It’s not surprising that your peers have a less optimistic outlook about the economy now than they did at the beginning of the year. In fact, only about 39% of CFOs surveyed by Grant Thornton in its Q2 2022 CFO…
As you’re looking at creating salary budgets for next year, you should know what your peers are planning so your company can stay competitive in the war for talent. New research shows that nearly half of employers plan to increase…
Economic unpredictability may be giving senior leadership and shareholders second thoughts about your 2023 budget priorities. Here's what some experts are saying about the approaches your peers may be taking with their 2023 budgets, which can give you some budgeting…
You know from experience that controlling costs and increasing profits for your organization takes more than just creating a budget, regularly analyzing it for variances in projected vs. actual spending, then making adjustments. You may have tried shopping around for…
The Inflation Reduction Act aka "Build Back Better Lite" looks like a done deal. The $740 billion package is chock full of tax hikes for some and tax breaks and credits for others. Passed along purely partisan lines 51-50, Democrats…
Mergers and acquisitions (M&A) and improving sustainability are the first areas your peers are looking at when it comes to cost control cuts, according to a recent Gartner survey of CFOs and CEOs. In a press release, Randeep Rathindran, vice…
The hybrid work environment has many companies re-evaluating the cost-effectiveness of their real estate strategy. You may have noticed a major shift in work patterns in some industries: more telework and less five-day, in-person work environments. As a result, office…
