Tue.Feb 07, 2023

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Have Employees Who Receive Tips? Here Are the Tax Implications

Machen McChesney

Many businesses in certain industries employ individuals who receive tips as part of their compensation. These businesses include restaurants, hotels, and salons.

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Corporate Officers, Not Just Directors, Can Be Liable for Duty of Oversight Violations

Harvard Corporate Governance

Posted by Jonathan Youngwood, Nicholas Goldin, and Stephen Blake, Simpson Thacher & Bartlett LLP, on Tuesday, February 7, 2023 Editor's Note: Jonathan K. Youngwood , Nicholas Goldin , and Stephen Blake are Partners at Simpson Thacher & Bartlett LLP. This post is based on their Simpson Thacher memorandum and is part of the Delaware law series ; links to other posts in the series are available here.

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Agtech: Breaking down the farmer adoption dilemma

Mckinsey and Company

Current macroeconomic conditions, consumer focus on sustainability, regulations, and changing business models could further drive farmers’ adoption of agtech products, if their concerns are addressed.

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Proxy voting policy for U.S. portfolio companies

Harvard Corporate Governance

Posted by John Galloway, Vanguard, Inc., on Tuesday, February 7, 2023 Editor's Note: John Galloway is Global Head of Investment Stewardship at Vanguard, Inc. This post is based on a publication by Vanguard Investment Stewardship. Introduction The information below, organized according to Vanguard Investment Stewardship’s four principles, is the voting policy adopted by the Boards of Trustees of the Vanguard-advised funds (the “Funds’ Boards”) [1] and describes the general positions of the funds

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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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Apollo Weighs Buying Stake In Credit Suisse's Investment Banking Unit

Benzinga

Apollo Global Management (NYSE: APO ) is reportedly looking to buy a stake in Credit Suisse Group Inc's (NYSE: CS ) revamped investment bank. Credit Suisse said last year that it would split off its investment bank into an independent capital market & advisory bank called CS First Boston. The troubled bank said it would raise outside capital to launch the new entity, which it hopes to list in a separate initial public offering eventually.

Banking 98
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How and when to monitor financial performance [free timetable]

JPAbusiness

In our ebook Tips to improve financial and operational performance we examine the top 4 business elements a business owner or manager needs to monitor, review and analyse to effectively manage and improve their financial and operational performance. Over the next few weeks we’ll be drilling down into each of those 4 elements an d providing you with a timetable of actions to help you keep on top of those critical aspects of your business.

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More Trending

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A cloud migration in wartime

Mckinsey and Company

Raiffeisen Bank Ukraine’s CTO discusses migrating to the cloud under the most traumatic conditions possible—a full-scale invasion of its country.

Banking 94
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What is the SEC Hiding?

Reynolds Holding

Under Chair Gary Gensler, the U.S. Securities and Exchange Commission (SEC) has been on a transparency rampage – proposing extensive new disclosure obligations on public companies , activist investors , private funds , and (maybe soon) so-called “unicorn” startups. When it comes to sharing information about its own operations, however, the Commission has been less enthusiastic.

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The power of goodbye: How carve-outs can unleash value

Mckinsey and Company

Separations can be a once-in-a-lifetime opportunity to create value for the remaining and separated companies. The secret? Get granular about support costs and personal about talent.

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The Discipline George Santos Would Face If He Were A Lawyer

Law 360 M&A

Rep. George Santos, who has become a national punchline for his alleged lies, hasn't faced many consequences yet, but if he were a lawyer, even his nonwork behavior would be regulated by the American Bar Association's Model Rules of Professional Conduct, and violations in the past have led to sanctions and even disbarment, says Mark Hinderks at Stinson.

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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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Strategies for building US semiconductor fabs: Finding skilled labor

Mckinsey and Company

The need to compete for skilled labor could delay fab construction in the United States, but some new strategies may help accelerate progress.

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CVS Health To Buy Oak Street Health In $10.6B Deal

Law 360 M&A

CVS Health Corp. on Wednesday said it agreed to acquire seniors-focused health clinic operator Oak Street Health Inc. for an enterprise value of $10.6 billion, a deal that serves to expand CVS' network of seniors-focused clinics and was guided by four law firms.

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Activision Blizzard chief says UK would lose out if it blocks Microsoft deal

Financial Times M&A

Bobby Kotick appeals to ‘fragile’ government as video game maker awaits decision on $75bn sale

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Knicks, Rangers Ticket Sales Surpass Pre-Pandemic Levels

Law 360 M&A

Madison Square Garden Sports said Tuesday it saw increased revenue and ticket sales that surpassed pre-pandemic numbers, and the newly hired president and chief operating officer suggested that the company could consider selling a minority stake in the New York Knicks or New York Rangers.

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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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The power of goodbye: How separations can unleash value

Mckinsey and Company

Separations can be a once-in-a-lifetime opportunity to create value for the remaining and separated companies. The secret? Get granular about support costs and personal about talent.

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The Brazilian billionaires embroiled in a $3.9bn scandal

Financial Times M&A

Plus, Illumina turns to lobbyists to back its Grail takeover and DD looks at Abu Dhabi’s stock market darling

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Cross-Border M&A: 10 Key Trends From Across the Pond

Cooley M&A

It will come as no surprise that cross-border M&A is impacted by the world we live in, with geopolitical tensions, rising inflation and interest rates, currency fluctuations, and increased regulatory scrutiny all playing their part in making deals more challenging to execute. That said, cross-border M&A remained largely resilient in 2022, with a return to healthy pre-pandemic levels, and while the types of deals we see in 2023 may evolve, many observers believe that deal volume will rema

Finance 59
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How to optimize the tax research process

ThomsonReuters

As a tax and accounting professional, you are well aware that tax research and staying current with new developments can be time-consuming, especially in today’s ever-changing legislative and regulatory environment. In fact, state legislatures have found that keeping pace with the changes and complexity of tax laws continues to be a top concern for most CPA firms.

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Thinking About Exiting? Consider the Advantages of Selling Your Manufacturing Business

Sun Acquisitions

So you’ve decided to sell your manufacturing business. But is it the right move, and what should you consider when taking this step? Exiting the manufacturing industry can be difficult, especially if you’ve worked hard to create something that stands out from the competition. In addition to personal satisfaction, there are several advantages to selling a business that may make parting ways with your enterprise worth considering.

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Rethinking InfoSec Risk Management as a Business Enabler

Audit Board

The rise in third-party and environmental, social, and governance (ESG) risks impacts all areas of the business — including information security teams. AuditBoard’s own VP of Information Security, Richard Marcus, sat down with Tom Field of Information Security Media Group (ISMG) to discuss what CISOs need to know about today’s critical risks, as well as: How to determine top risk priorities.

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Leena Menghani

M&A Leadership Council

Leena Menghani International M&A Consultant, WTW Leena Menghani is an International M&A Consultant with WTW’s Global M&A Practice, based in New York City. She assists clients across a broad range of transactional issues in connection with mergers, acquisitions, divestitures, and spin-offs focusing on overall project management and coordination within the context of corporate transactions.

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Appraiser Newsroom - Untitled Article

Appraiser Newsroom

Michael J. Lange, ASA, IFA Editor’s Note: The 2023 ASA-IFA Eastern Region Appraisal Conference, to be held live and via Zoom at The Tropicana Hotel in Atlantic City, NJ April 17-18, 2023, has a new Chairperson–Michael J Lange, Jr ASA, IFA. A long-standing perennial favorite event, we spoke with Lange to learn what’s new and exciting for this year’s 57 th Conference and why real estate appraisers must attend.

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Regulatory Update for January 2023: $31 million bank redlining settlement, “too large to manage” banks and appraisal bias

N Contracts

The federal regulatory agencies started off the year with a bang with a record-setting redlining settlement, the denial of a bank application, and a warning of potential limits on the nation’s biggest banks. Then there’s all the guidance and proposals.

Banking 52
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Self Storage, An Industry Darling, Steps Strongly Into 2023

Law 360 M&A

Public Storage, the U.S.' largest owner of self-storage units, hurled an unsolicited $11 billion bid on Monday to buy rival real estate investment trust Life Storage, a move that comes as the broader economy slows down and investors increasingly flock toward the sector.

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The Reasons Why Analytics Are Important For Your Business

Financial Analyst Insider

Analytics are essential for businesses in today’s world. With the ability to measure and track key performance indicators, companies can gain valuable insights into customers’ The post The Reasons Why Analytics Are Important For Your Business appeared first on Financial Analyst Insider.

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SNDL Enhances Its Cannabis Retail Operations Via Conclusion Of Superette Group's CCAA Proceedings

Benzinga

SNDL Inc. (NASDAQ: SNDL ) announced that, in the context of the Superette Group's proceedings under the Companies' Creditors Arrangement Act (Canada) (the "CCAA"), it has successfully closed the transaction contemplated by the agreement of purchase and sale dated August 29, 2022 (the "APS") and the approval and vesting order issued by the Ontario Superior Court of Justice (Commercial List) on December 20, 2022.

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Road Trip!

Benchmark Report

If you have ever taken a family road trip, you understand the necessity of planning in advance. Navigation systems and GPS have made it easier, but advanced planning will make the journey more enjoyable. The most important decision is what is the intended destination. Once that is determined, there are a whole series of decisions that must be made, either in advance or along the way, to reach that ultimate vacation spot.

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Barrick Gold Unlikely To Offer Rival Bid For Australia-Based Newcrest Mining Deal

Benzinga

Barrick Gold Corp (NYSE: GOLD ) has denied a counterbid for Newcrest Mining (OTC: NCMGY ) (OTC: NCMGF ), eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont Corporation (NYSE: NEM ). Newmont, on Monday, bid $16.9 billion for Newcrest , whose operations include top-class asset Cadia in. Full story available on Benzinga.

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Masimo Rolls Back Board Control Shields Targeted In Del. Suit

Law 360 M&A

Faced with a sudden court setback, Masimo Corp. has quietly rolled back bylaw amendments targeted by a hedge fund's Delaware Court of Chancery suit accusing the medical monitoring device giant of adopting improper and costly poison pill and change of control measures.

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LexisNexis Acquires Aistemos And Its Cipher Classification Platform For Undisclosed Sum

Benzinga

LexisNexis Intellectual Property Solutions, part of RELX PLC (NYSE: RELX ), has entered into a definitive agreement to acquire Aistemos Limited , a patent classification company. Aistemos trades under the Cipher brand. The financial terms of the. Full story available on Benzinga.

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Hogan Lovells Adds Ex-Morgan Lewis Partner To M&A Team

Law 360 M&A

Hogan Lovells said Monday that it has added a cross-border deal-maker from Morgan Lewis & Bockius LLP to its mergers and acquisitions practice.

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CVS Health Continues M&A Spree, As It Is Close To $10B Bet For Oak Street Health

Benzinga

CVS Health Corp (NYSE: CVS ) is reportedly close to an agreement to buy primary care center operator Oak Street Health Inc (NYSE: OSH ) for about $10.5 billion, including debt. If goes through, the deal could be announced as soon as this week. The Wall Street Journal report added that the companies are discussing a price of about $39 a share. Bloomberg News Full story available on Benzinga.

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LexisNexis Acquires AI-Backed Patent Co. Cipher

Law 360 M&A

LexisNexis Legal & Professional announced Tuesday it acquired patent classification company Aistemos Ltd., which does business as Cipher.

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Trade Management Software Market Size to Surpass USD 2.38 Billion by 2029 | Report by Fortune Business Insights

Benzinga

Pune, India, Feb. 07, 2023 (GLOBE NEWSWIRE) -- The global trade management software market size was valued at USD 1.11 Billion in 2021. The market is projected to grow from USD 1.19 Billion in 2022 to USD 2.38 Billion by 2029, exhibiting a CAGR of 10.5% during the forecast period. Rapid Automation Across Several Trade Management Operations to Bolster Market Progress.