Thu.Mar 17, 2022

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How American Family Insurance is investing in the agency channel

Mckinsey and Company

As insurers rethink agent relationships, American Family Insurance is looking ahead, investing in digital tools and solutions that help agencies stay on top of trends and changing customer needs.

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Can Tobacco Users Be Required to Pay More for Group Health Plan Coverage?

ThomsonReuters

QUESTION: Our self-insured health plan would like to reduce required employee contributions for employees who do not use tobacco. Can the plan require employees who use tobacco to pay more than employees who do not use tobacco, even though both groups receive the same coverage? ANSWER: Under HIPAA’s health status nondiscrimination rules, a group health plan generally cannot require an employee to pay more for coverage than another similarly situated employee if the difference is based on a hea

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Six customer experience pitfalls to avoid

Mckinsey and Company

To successfully enhance customer experience, companies need to build the right organizational capabilities and culture to plan, execute, and sustain the transformation.

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What Younger Investors Expect Of Their Financial Advisors

Truelytics

Modern Financial Advisor Podcast ·. Episode 78 - What Younger Investors Expect Of Their Financial Advisors. Just about every financial advisory firm we talk to is actively looking to attract younger clients. And as millennials (and Gen Z investors close behind) move into the phases of their lives when they need a financial advisor, I thought it would be a good idea to have Natalie Wolfsen , CEO of AssetMark on the show to shed some light on what the next generation of clients expect from their a

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Author Talks: Where are the women who are missing from the workforce?

Mckinsey and Company

Amid the pandemic, working mothers have had to downshift their careers to care for their children full time. Reshma Saujani says now is the time to change this dual burden.

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IRS Announces 2022 Automobile Depreciation Deduction Limits and Inclusion Amounts

ThomsonReuters

Rev. Proc. 2022-17 (Mar. 16, 2022). Available at [link]. The IRS has announced the 2022 inflation-adjusted Code § 280F “luxury automobile” limits on certain deductions that may be taken by taxpayers using passenger automobiles (including vans and trucks) in a trade or business. For purchased automobiles, the limits cap the taxpayer’s depreciation deduction.

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DOL to Investigate 401(k) Plans Offering Cryptocurrency Investments

ThomsonReuters

DOL Compliance Assistance Release No. 2022-01, 401(k) Plan Investments in “Cryptocurrencies” (Mar. 10, 2022). Available at [link]. The DOL has issued a compliance assistance release expressing “serious concerns” about the prudence of making cryptocurrency investments available to 401(k) plan participants and advising fiduciaries to use “extreme care” before they consider adding a cryptocurrency investment option.

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Net retention and customer success: Gainsight CEO Nick Mehta on winning at SaaS

Mckinsey and Company

A software leader shares his view of the growing importance of two key factors to creating value in the sector.

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HHS Adjusts Civil Monetary Penalties Again for HIPAA, MSP, and SBC Violations, Effective March 17, 2022

ThomsonReuters

HHS, Annual Civil Monetary Penalties Inflation Adjustment, 45 CFR Part 102, 87 Fed. Reg. 15100 (Mar. 17, 2022). Available at [link]. HHS has announced adjustments of civil monetary penalties for statutes within its jurisdiction. The latest amounts are based on a cost-of-living increase of 1.06222%. These adjustments are effective for penalties assessed on or after March 17, 2022, for violations occurring on or after November 2, 2015.

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War in Ukraine: Lives and livelihoods, lost and disrupted

Mckinsey and Company

As uncertainty weighs on decision making, scenarios can provide guidance.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Appropriations Bill Restores Telehealth Exemption for HDHPs for Remainder of 2022

ThomsonReuters

Consolidated Appropriations Act, 2022, Pub. L. No. 117-103 (2022). Available at [link]. Congress has passed, and the President has signed, omnibus spending legislation that (among other things) temporarily exempts telehealth and other remote care services from certain restrictions affecting health savings account (HSA) eligibility. By way of background, tax-advantaged contributions generally cannot be made to an HSA unless the account holder is covered by a qualifying high-deductible health plan

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What's the Story on DOL Posters for Remote Workers?

Machen McChesney

In most offices, someone from HR hangs the relevant Labor Department posters in the company breakroom, and that's that. But in this new remote world, what are the requirements? Send the posters to each employee and tell them they have to hang them in their kitchens? Actually, that's not necessary, but the DOL has published some guidance for companies that are partially or entirely remote.

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Putting the ‘A’ back in FP&A

Mckinsey and Company

By focusing on execution in operations and strategy development, business unit financial planning and analysis teams are gaining more agency and helping to transform their organizations.

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SaaS Valuation: The VC Proven Method To (Accurately) Value SaaS

Sharp Sheets

A lot has already been written on startup valuation, and SaaS valuation in particular. Yet, what most articles online seem to be missing is a clear methodology that allows anyone to estimate an accurate valuation for their SaaS, Enterprise or Software company. We already wrote about valuation for other tech verticals, yet it took us almost 6 months to write this guide as we dug through over 1,000 data points, financial metrics and valuation multiples of 120+ publicly listed SaaS companies.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Mineral Aggregator Valuation Multiples Study Released

Auto Dealer Valuation Insights

Mercer Capital has its finger on the pulse of the minerals market. An important trend has been the rise of mineral aggregators, which have largely supplanted the trusts as the primary method of publicly traded minerals ownership. Due to a variety of corporate structures (including master limited partnerships and Up-Cs) and complex capital structures (including preferred equity and non-traded.

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Manufacturers Should Act Soon to Get 100% First-Year Bonus Depreciation

Concannon Miller

First-year bonus depreciation typically creates a powerful tax incentive for eligible manufacturers to purchase qualified property needed for business reasons. These tax write-offs can benefit a manufacturer's cash flow, but claiming them isn't always the best decision. In some cases, there are advantages to following the regular depreciation rules.

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Webinar: Growing Your Business Owner Client Base

Biz Equity

Marie Donovan, BizEquity's Director of Customer Success, and Gwendolyn Legendy, Sr. Director of Marketing, hosted a webinar to help financial professionals more effectively market the business valuation services they offer through BizEquity.

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Analysis Paralysis: Why You Shouldn’t Do Many Similar Items

Financial Analyst Insider

How many items should you offer in your eCommerce store? If you provide customization, then how many choices should you give your customers? Custom products. The post Analysis Paralysis: Why You Shouldn’t Do Many Similar Items appeared first on Financial Analyst Insider.

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Managing millennial and Gen Z accountants

ThomsonReuters

Millennials represent the largest workforce in the U.S. , and by 2025, Gen Z will make up 27% of the labor force. With the number of college students enrolled as accounting majors hitting record numbers, there will be more accounting professionals from younger generations in the years to come. This raises the question of how to manage millennial and Gen Z accountants.

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Should You Invest In Silver Right Now?

Financial Analyst Insider

Gold. Platinum. Silver. All of these precious metals are used in everything from the smartphone technology we use to the vehicles we drive each day. The post Should You Invest In Silver Right Now? appeared first on Financial Analyst Insider.

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Managing Change Management Expectations

Accounting Web

Practice Excellence Managing Change Management Expectations.

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Signed, sealed, and delivered: Unpacking the cross-border parcel market’s promise

Mckinsey and Company

As e-commerce continues to fuel cross-border package deliveries around the world, what should logistics providers pay attention to?

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GP-led actors likely to seek SEC rule exemptions

Private Funds CFO

Certain types of deal may not require a fairness opinion, a case likely to be made to the regulator during the ongoing consultation period.

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Session 2: Uncharted Territory: Planning a Successful M&A Exit: Strategic Choices for Growth

Quantive

[av_textblock size=” font_color=” color=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” av_uid=’av-3xpi21′ custom_class=” admin_preview_bg=”] Session 2: Uncharted Territory: Planning a Successful M&A Exit: Strategic Choices for Growth Session II?

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Methods of Business Valuation by Their Profitability

Equilest

Want to know Methods of Business Valuation by Their Profitability? Read our explanation. Methods of business valuation by their profitability are presented below. They give a vision of the company, which must be supplemented by other approaches to address the "true" price, which will result from the negotiation, i.e., the amount accepted by the assignor and financed by the buyer. . .

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Womack Presenting “The Art and Science of Business Valuations: A Guide for Attorneys/Advisors”

Auto Dealer Valuation Insights

Scott Womack, ASA, MAFF will present The Art and Science of Business Valuations: A Guide for Attorneys/Advisors for the Knoxville Estate Planning Council on March 24, 2022 in Knoxville, Tennessee. The presentation will highlight the basic valuation equation, discuss the broad approaches to valuation, demonstrate how valuation assumptions can influence valuation conclusions, and identify some of.

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Challenging the SEC’s GP-led proposal; Cybersecurity Consultants

Private Funds CFO

GP-led actors likely to seek SEC rule exemptions ; Updated cybersecurity consultants directory.

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Implementing Effective ESG Internal Controls

Audit Board

Environmental, Social and Governance (ESG) issues have been a growing priority for both public and private companies across all industries. With evolving SEC regulations and investor pressure, companies need to quickly adapt to these changes — including assessing and improving their internal control environment. In this episode of AuditTalk , Steve Wang, Managing Director at Protiviti , explores ESG internal controls and what organizations can do to address this changing landscape, including: Th

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SEC goes after fund auditor

Private Funds CFO

SEC takes aim at a private fund auditor’s part in fraud case.

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