There’s no one-size-fits-all rulebook for leading people. But there are two indispensable traits that successful leaders must exhibit: Skimp on one of those two areas and people will doubt your abilities. Close to 10% of companies will consider a CFO for an opening at CEO — but not if the finance chief isn’t seen as […]
The Federal Trade Commission (FTC) ban on non-compete agreements won’t go into effect in early September and is doubtful to become the law of the land anytime soon. A federal district court judge in Texas granted summary judgment for a tax services provider that sued the FTC. The judge ruled the FTC lacked statutory authority […]
Artificial Intelligence is perfect for a range of Finance tasks. Billing, analysis, data processing — in many cases, the mundane but critical duties that require staffers’ time. One major exception? Accounting. The “Big Four” accounting firms (Deloitte, Ernst Young, PricewaterhouseCoopers and KPMG) all agree that AI and machine learning will certainly augment accountant and audit […]
Twenty-six financial firms are on the hook for $392.75 million in fines for securities recordkeeping violations. Several of the brokers, dealers and investment advisers made themselves a target by not keeping records of their communications. “Off-channel” communication enforcement efforts are up under the Securities & Exchange Commission (SEC). The feds stressed the need for greater […]
So is the long-predicted recession near — or here already? Depends on who you ask. The traditional bellwether of a recession, gross domestic product (GDP), says it’s not. After all, GDP grew by 2.8% in the 2nd quarter of 2024, a marked improvement over Q1. But 60% of Americans emphatically say “yes” — the current […]
Here’s a common scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individual rolls over the money in his or her 401(k) into an individual retirement account (IRA) sponsored by the new employer. But the employee doesn’t select index funds that include stocks and bonds to invest in. […]
Companies are sending their “road warriors” out at a rate not seen since 2019. A new study shows companies are allocating more of their budgets for travel costs through 2024 and into next year. Upward Climb with Uphill Struggles: 2024 Deloitte Corporate Travel Study reports that “travel spend could grow by 8% to 12% in […]
Excel financial formulas allow users to process accounting data quickly and easily. To use a financial formula in Excel, click on the “Formula” tab along the main tool bar. From the function library, click on “Financial” and select the formula you want to use from the drop down menu. After selecting the formula that you […]
How you push one staffer’s buttons might not be the best strategy for another staffer. But there are some motivational “Dos” and “Don’ts” that resonate with just about everyone: Do reward teams and individuals Group rewards and recognition are just as important as individual rewards because they stress the importance of interdependence – AKA teamwork. Don’t […]
