U.S. sanctions program targets cybercriminals abroad

April 2nd, 2015  // News

President Barack Obama issued an executive order establishing a program aimed at punishing foreign groups and individuals who conduct cyberattacks against U.S. private and government entities. The order authorizes the Treasury Department to freeze assets of cyberattackers and bar them from some financial transactions. Read more

CFO compensation hit $2.1M in 2014

April 1st, 2015  // News

The median compensation package for CFOs at large companies likely increased 8% last year, reaching $2.1 million, according to Steven Hall & Partners. The base salary climbed 4%, up from 3% in recent years. Companies with a positive stockholder return gave a median cash bonus of $546,000, up 14% compared with 2013. Read more

Worldwide M&A value increases in Q1

March 31st, 2015  // News

Mergers and acquisitions valued at $811.8 billion have been announced this quarter globally, up 21% compared with Q1 of 2014, according to Thomson Reuters data. "The deal activity in the first quarter was driven by continuing cash accumulation at companies, CEO confidence, inexpensive debt financing and pressure from activist shareholders," said Kenton King, a partner at law firm Skadden, Arps, Slate, Meagher & Flom. Read more

Fed’s Yellen warns of economic stagnation

March 30th, 2015  // News

Janet Yellen, chair of the Federal Reserve, warned that several studies suggest the U.S. and other countries will grow more slowly than in the past due to declining technological innovation and demographic forces. Read more

U.S. unemployment claims decline

March 27th, 2015  // News

Data on first-time jobless claims suggest that a recent slump in U.S. retail sales, housing starts and manufacturing isn't producing layoffs and that the economic recovery is gaining momentum. The Labor Department said unemployment claims dropped 9,000 last week, to 282,000. Read more

Tactics for getting clients to file on time

March 26th, 2015  // News

CPAs employ a range of carrot-and-stick tactics to get clients to hand in their tax paperwork well ahead of April 15. These include providing discounts for early filers, increasing fees for those who drag their feet and explaining the penalties that late filers may face. Read more

JOBS Act rules might be done this year, SEC’s White says

March 25th, 2015  // News

Rule-making for the Jumpstart Our Business Startups Act might be finished this year, Securities and Exchange Commission chief Mary Jo White told the House Financial Services Committee. Writing rules that are workable and also carry out statutory requirements is turning out to be more complex than expected, she said. Read more

Data security for small businesses

March 24th, 2015  // News

Although breaches at large companies such as Home Depot and Target make the headlines, small organizations also are at risk of cyberattacks because fraudsters may believe their controls are not as strong. Here’s how companies with limited IT resources can protect their valuable data. Read more

Accountants would rather solve problems than crunch numbers

March 23rd, 2015  // News

Financial professionals said they prefer solving problems over working with numbers. Find out where making strategic recommendations and learning new technologies fall on the list, which comes from a survey of 2,600 accounting and finance professionals. Read more

Bets on U.S. interest rate fuel volatility in foreign exchange markets

March 20th, 2015  // News

Indications that the U.S. Federal Reserve will move to raise interest rates, even as other major central banks continue loose monetary policies, has fueled volatility in the foreign exchange market. Currency markets had a period of relative calm when central banks lowered interest rates and provided liquidity to markets worldwide after the 2008 financial crisis. Read more





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