Tue.Jul 25, 2023

article thumbnail

Global Compliance Risk Benchmarking Survey: ESG

Harvard Corporate Governance

Posted by Darryl Lew (White & Case LLP), Courtney Hague Andrews (White & Case LLP) and Joshua W. Rusenko (KPMG LLP), on Tuesday, July 25, 2023 Editor's Note: Darryl Lew and Courtney Hague Andrews are Partners at White & Case LLP and Joshua W. Rusenko is an Attorney at KPMG LLP. This post is based on a White & Case survey in collaboration with KPMG by Mr.

article thumbnail

Managing tax overpayments and repayments

ThomsonReuters

Overpayments and repayments are two of the most common anomalies that could complicate year-end and W-2 processing. Now is a great time to sort out any potential difficulties. Jump to: What is an overpayment on taxes? Overpayments and repayments in the current year Overpayments and repayments in subsequent years Preventing tax overpayments What is an overpayment on taxes?

98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Racial Targets

Harvard Corporate Governance

Posted by Atinuke O. Adediran (Fordham University), on Tuesday, July 25, 2023 Editor's Note: Atinuke O. Adediran is Associate Professor of Law at Fordham University School of Law. This post is based on her recent paper , forthcoming in the Northwestern University Law Review. In a forthcoming article, titled Racial Targets , I address the legal status and defensibility of corporate hiring and promotion pledges.

188
188
article thumbnail

Comment on Fighting for Consumer Protection & the Appraisal Industry by Baggins

Appraisers Blog

In reply to Honest Appraiser. I just wrote a damned dissertation on the matter. But should I actually post it? Does anyone care and actually want to read another total recap of how the appraisal industry fell? I’ll post of anyone requests. I’d rather be fishing but it’s too dang hot, 100′ in CO today.

article thumbnail

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.

article thumbnail

IRS clarifies employee retention credit guidance

LaPorte

(authored by RSM US LLP) IRS guidance addresses full or partial suspensions of operations due to supply chain disruption for ERTC and erroneous ERTC refunds. The post IRS clarifies employee retention credit guidance first appeared on LaPorte.

98
article thumbnail

Investment in technology: How much time does your firm waste?

ThomsonReuters

For today’s accounting firms, advanced technology is no longer an option but a necessity. To keep pace in an increasingly competitive landscape, forward-looking firms are investing in artificial intelligence (AI) solutions to automate tax workflow, open up additional revenue streams, and better serve clients. If your firm is considering an investment in tax technology, the time is now.

More Trending

article thumbnail

Baker Tilly partner explains the power of automation in tax preparation

ThomsonReuters

A recent article from Thomson Reuters, “ Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice ,” discusses the benefits of automation in tax practice, as well as the role of artificial intelligence. In the article, Michele Donohue, a partner at accounting firm Baker Tilly, highlights why embracing automation and AI is crucial for tax practices to remain competitive and meet the evolving needs of their clients in an increasingly digital world.

article thumbnail

FRP Corporate Finance secures refinancing deal for Bridge Farm Group

Accountancy Today

FRP Corporate Finance has revealed it secured a multi-million-pound refinancing package for horticultural experts, Bridge Farm Group. Bridge Farm, based in Spalding in Lincolnshire, is the UK’s leading producer of ornamental plants and cut flowers. The business grows more than 70 million plants and flowers each year in 60-acres of low-carbon, water-efficient and biomass-heated glasshouses.

article thumbnail

Should you consider an automated indirect tax system? 9 key questions to ask

ThomsonReuters

A company’s decision to introduce indirect tax (IDT) automation into its tax processes is often fraught with indecision and uncertainty. Every company’s tax technology journey is different, and it’s not always clear when and how tax automation should be incorporated or what the benefits will be. During their Synergy 2022 presentation, Joe Malloy and Chandra Wing from BDO’s Indirect Automation team discussed questions they say companies should ask themselves before investing in

article thumbnail

Setting the revenue cycle up for success in automation and AI

Mckinsey and Company

As new technologies emerge, revenue cycle leaders can prepare to harness the potential of these capabilities by establishing the conditions for success today.

article thumbnail

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

article thumbnail

How to plan for success when selling your business

JPAbusiness

There are many elements that go into a successful business sale and some of these are out of a seller's hands – buyers’ personal preferences, external market surprises, and so on. But something that a seller can definitely control is their preparedness for sale. We created the free Selling a Business Planning Sheet as a ‘first step’ resource for business owners thinking about selling.

article thumbnail

Building new businesses: How insurers can leap ahead

Mckinsey and Company

New insurance business ideas can have an outsize impact on enterprise value, but many insurers struggle to build and scale them. A new approach can help improve their success rate.

article thumbnail

ButcherJoseph Promotes Jay Rolader to Senior Analyst

Butcher Joseph & Co.

ButcherJoseph, an investment banking firm specializing in ESOPs, mergers and acquisitions, private capital sourcing and valuation advisory services, p. The post ButcherJoseph Promotes Jay Rolader to Senior Analyst appeared first on ButcherJoseph & Co.

Banking 76
article thumbnail

EssilorLuxottica to move into hearing aids after buying Israeli start-up

Financial Times M&A

World’s largest eyeglasses group to make lenses fitted with acoustic technology developed by Nuance Hearing

article thumbnail

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.

article thumbnail

The McKinsey Crossword: Uncapitalized Food | No. 138

Mckinsey and Company

Sharpen your problem-solving skills the McKinsey way, with our weekly crossword. Each puzzle is created with the McKinsey audience in mind, and includes a subtle (and sometimes not-so-subtle) business theme for you to find. Answers that are directionally correct may not cut it if you’re looking for a quick win.

70
article thumbnail

Law360's Diversity Snapshot: What You Need To Know

Law 360 M&A

Firms continue to face pressure to diversify their attorney workforce, and they are slowly but surely making progress, according to this year's Diversity Snapshot. Here's our data dive into minority representation at law firms in 2022.

75
article thumbnail

Comment on Fighting for Consumer Protection & the Appraisal Industry by Honest Appraiser

Appraisers Blog

How’s theM bifurcations working out?? What’s the status?? i don’t think they are working soooo… now I’m supposed to take my car out and drive around for a $35 fee and then hope they pay me next month?? Meanwhile the AMC still gets $750 for providing an “appraisal” I don’t see this ending well for the Radke crowd.

article thumbnail

Attys Seek $26M For Madison Square Garden Suit Deal

Law 360 M&A

Stockholders who have struck an $85 million deal to end one of two suits in Delaware Chancery Court over Madison Square Garden Entertainment's 2021 merger with MSG Networks are seeking $26 million for their counsel, asserting the request is reasonable given the attorneys' work on the litigation and benefits achieved.

75
article thumbnail

PacWest Bank, Thrashed by Deposit Crisis, Will Be Taken Over

NYT M&A

Banc of California is set to absorb PacWest, a larger lender that has seen its depositors flee this year.

Banking 93
article thumbnail

Catching Up With Delaware's Chancery Court

Law 360 M&A

Delaware's Court of Chancery spurred modifications in AMC Entertainment's proposed deal with stockholders last week, welcomed updates to the state's corporation laws and logged new suits from shareholders in tech companies, a metal producer, a biotech and an artificial intelligence outfit. In case you missed it, here's the latest from Delaware's Chancery Court.

75
article thumbnail

Big Tobacco Bets Big On Cannabis

National Law Review M&A

Proposed deal is reportedly tied to Philip Morris’ interest in acquiring Syqe’s metered-dose, pharmaceutical-grade inhaler that dispenses precise doses of medical cannabis to patients.

67
article thumbnail

$122.5M Viacom-CBS Merger Suit Deal, $27M Fee OK'd In Del.

Law 360 M&A

Delaware's Court of Chancery approved one of the largest stockholder class settlements for a fiduciary duty breach in state court history on Tuesday, a $122.5 million deal with Paramount Global that ends a challenge to the fairness of CBS' $30 billion merger with Viacom in 2019.

75
article thumbnail

ButcherJoseph Adds Nick Basten as Analyst

Butcher Joseph & Co.

ButcherJoseph, an investment banking firm specializing in ESOPs, mergers and acquisitions, private capital sourcing and valuation advisory services, a. The post ButcherJoseph Adds Nick Basten as Analyst appeared first on ButcherJoseph & Co.

Banking 67
article thumbnail

Where could $374 billion in dry powder go? Six themes to watch

Mckinsey and Company

Private capital activity in software will likely pick up after a short-term dip. Here are the key considerations.

Equity 75
article thumbnail

The Ridiculous Medical Bill Brought to You by the Latest Hospital Merger

NYT M&A

Undoing hospital monopolies may be a lost cause.

article thumbnail

Has the golden age of private equity come to an end?

Financial Times M&A

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Equity 75
article thumbnail

IRS provides guidance for required minimum distributions for SECURE 2.0 Act

LaPorte

(authored by RSM US LLP) Notice 2023-54 provides transition relief and guidance relating to certain required minimum distributions based on SECURE 2.0 changes. The post IRS provides guidance for required minimum distributions for SECURE 2.0 Act first appeared on LaPorte.

52
article thumbnail

Strong Business Acquisition Prices so far in 2023

Exit Strategy

Valuations on deals completed in the first quarter of 2023 averaged 8.0x Trailing Twelve Months (TTM) adjusted EBITDA, rebounding from the 6.9x average recorded in 4Q 2022 and in line with the 8.2x average set in the third quarter. In Q1 2023, M&A transaction multiples experienced a rebound, indicating increased valuation levels compared to the […] The post Strong Business Acquisition Prices so far in 2023 appeared first on Exit Strategies Group, Inc.

EBITDA 52
article thumbnail

Banc Of California, PacWest Ink Tie-Up Steered By 4 Firms

Law 360 M&A

Banc of California and PacWest Bancorp said Tuesday they will combine to form a bank holding company with $36 billion in assets, along with receiving a $400 million concurrent investment from a pair of private equity firms, in a move shaped by four law firms.

article thumbnail

How to Value an Auto Parts Store

Peak Business Valuation

For new enterprises, it can be difficult to build a successful auto parts store. This is for various reasons including increased consolidation activity and growing competition. According to IBIS World , nearly 60 percent of the market share in this industry is dominated by major players like Autozone. As such, the auto parts industry has experienced slight profit decline, especially for smaller players.

article thumbnail

Why Roomba Maker IRobot Stock is Trading Lower Tuesday?

Benzinga

IRobot Corp (NASDAQ: IRBT ) stock is trading lower Tuesday after Amazon.Com Inc (NASDAQ: AMZN ) reduced the purchase consideration for the Roomba maker's takeover by 15%. Under the amended terms, Amazon will pay $51.75 per share, revised from $61.00 per share. Also Read: Following Roomba Acquisition, Amazon Eyes London's Ocado for Next Major Tech Investment Also, iRobot has entered into a $200 million financing facility to fund its ongoing.

Finance 52
article thumbnail

EU Probing Vivendi Actions In Lagardère Deal

Law 360 M&A

Europe's antitrust regulator on Tuesday said that it is investigating whether French media conglomerate Vivendi began implementing its proposed purchase of publisher Lagardère before winning approval from the authority.

52
article thumbnail

Financials Company Atlantic Union Bankshares Announces Merger With American National

Benzinga

Atlantic Union Bankshares (NYSE: AUB ) has announced a merger with American National (NASDAQ: AMNB ) that is expected to be completed in Q1 of 2024. Under the terms of the agreement, Atlantic Union Bankshares has agreed to give American National $416.80 million in in exchange for AMNB stock. Currently, neither company has disclosed whether the paymentwill be in cash or in stock.

Banking 52
article thumbnail

Pietragallo Gordon Adds Family Law, Estates With Merger

Law 360 M&A

An upcoming merger with Pittsburgh firm Gentile Horoho & Avalli PC has given Pietragallo Gordon Alfano Bosick & Raspanti LLP a deep enough bench to launch new family law and estate administration practices.

52