The Limits Applied to Public and Private Companies The Tax Cuts and Jobs Act (TCJA) made important changes to Section 162(m) of the Internal Revenue Code. That section limits a publicly held corporation’s tax deduction for compensation paid to each covered employee to a maximum of $1,000,000 per year. A corporation is publicly held if it has issued securities required to be registered under Section 12 of the Securities Exchange Act of 1934. Under TCJA, Section 162(m) also applies to private companies that file reports under section 15(d) of the Exchange Act. The Tax Cuts and Jobs Act (TCJA) made…
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Healthcare Reimbursement Environment, Part II of VI In the January/February 2018 issue of The Value Examiner, the author provides readers with an overview of the U.S. healthcare reimbursement system and details the due diligence process as it relates to reimbursement. This brief article is an excerpt, which is part of the series on healthcare reimbursement, where the author provides more in-depth explanation of the due diligence process.
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Having a holistic understanding of your company’s financial situation and value drivers is necessary to assess the organization’s performance, risks, challenges, and opportunities and drive long-term growth. Learn three ways finance professionals can manage environmental, social, and governance risks. To read the full article in AICPA Insights, click: Three Tips to Manage Sustainability Risks and Drive Value.
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How CIOs and CFOs Can Find Common Ground In many organizations, chief information officers and CFOs are at odds, and their interactions are strained by misunderstandings. Bryan Mueller, principal consultant at ISG, discusses ways to overcome this disconnect, and CFOs can help by promoting cost transparency, hiring the right staff, and building an effective planning process. To read the full article in CFO, click: The CFO-CIO Relationship: Bridging the Gap.
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Data Analysis Skills Lacking Among Finance Teams Better training and better hiring practices can help organizations make up for a skills gap related to data analysis. Keeping pace with rapid changes in technology is a cause of concern amongst CFOs. So, too, is talent management—finding good talent, keeping it, and nurturing it. Neil Amato, CGMA Magazine senior editor, explains. To read the full article in CGMA Magazine, click: Data Analysis Skills Lacking Among Finance Teams.
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Why it Takes so Long to Hire Good CFOs CFO positions are taking longer to fill as companies and job candidates get more selective. Many companies are now looking for people who have international experience and know how to work with activist shareholders. However, John Touey, principal at executive search firm Salveson Stetson Group, discusses that highly qualified CFOs may be less eager to take risks and accept new opportunities. To read the full article in CFO, click: Why Are CFO Jobs Taking Longer to Fill?
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Is transitioning into the CEO position all in your head? Or are there many intricacies involved you may not have thought of? Author David McCann for CFO Publishing, looks at Gary Burnison to share his views and his compelling narrative on the topic. To find out more on the CFO’s article, click: Moving from CFO to CEO: A Half Brainer.
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Are you aware of the warning signals when analyzing acquisition targets? Alex Cook, president of Voyant Advisors LLC, discusses five issues to look out for when analyzing a company’s financial reporting. To find out more on the CFO article, click: Accounting Issues Mask a Seller’s True Value.
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What is the predicted earnings and revenue outlook? Mark Fahey, CNBC Data Journalist, interviews some chief financial officers for their thoughts and insight and what we should prepare for. Find out more on the CNBC article, click: CFOs: This year is going to be bad.
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With Limited Resources, the SEC is Using a “Risk Analytics” Strategy to Target Areas of Concern, Explains Exec at Conference Recent examinations of newly SEC-registered private equity firms is helping regulators understand the complex world of private equity, according to delegates and speakers at PEI’s CFOs and COOs Forum 2013 in New York, writes Nicholas Donato at Private Equity Manager. More:
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The accounting rulemakers said they are seeking more feedback about whether groups of companies could phase in IFRS and how investors are dealing with the two sets of accounting rules currently existing in the United States. Emily Chasen at WSJ CFO Report writes [trial subscription required] that accounting rulemakers in the U.S. and abroad are calling for collaboration even as U.S. regulators have so far refused to take a clear position on whether they should adopt international accounting rules. But that lack of guidance makes the timing and nature of such cooperation uncertain, the heads of the U.S. and international accounting…
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Study: More Deals Occur in Countries That Follow Similar Financial-Reporting Standards At CFO.com Kathleen Hoffelder reports that dissimilar national accounting standards and the lack of adherence to international financial reporting rules seem to be a major deterrent to companies eyeing targets beyond their borders, according to a recent academic study. Moreover, cross-border acquisitions by companies of target firms in countries with similar accounting strictures tend to relieve CFOs and other senior executives of financial and administrative burdens, says Shawn Huang, assistant professor at the University of Arkansas and one of the survey’s authors, along with Jere Francis, a professor at…
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Survey Shows Half of Respondents are Considering Cloud Solutions, and Three Quarters Believe Cloud Strategies Will Be Important for Their Firm’s Success Within 12-18 Months Christine Camara at Accounting Web reports that a majority of top finance executives in US companies foresee Cloud computing lowering costs and helping their businesses succeed in the near future, according to a new survey – The Business Value of Cloud Reporting: A Survey of Senior Finance Executives. More: