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Financial staffing trend on the rise: Interim CFOs
Unemployment figures can easily be described as eye-popping, and the truth is that no job is guaranteed. While new jobs aren’t exactly jumping into anyone’s boat, there are more positions available for junior- and mid-level financial staffers than C-level professionals. But opportunities do exist at the upper levels of many small and medium sized businesses for those willing to consider…Read More -
Small Businesses…What is your credit worth?
According to a recent article on CNNMoney.com, small businesses are having an even harder time borrowing money than they were a year ago just before stimulus funds flooded the coffers of the nation’s largest banks. The U.S. Treasury released a report this month showing that these banks shrunk their collective small business lending balance by $1 billion in November alone – a…Read More -
Tidal wave of employment tax audits just around the corner
If you haven’t heard, the IRS announced last year that they would be randomly selecting 6,000 businesses to undergo employment tax audits, starting in February 2010. It will be the largest such audit by the IRS in 25 years, and is meant to close the “tax gap” between the amount of employment taxes owed and the amount that gets collected.Considering…Read More -
Strategies to improve the tracking of employees’ expenses
Current webcasts and webcast archives from CFO Magazine are a fantastic resource for the latest financial strategies being used by corporate finance professionals. One in particular that caught our eye was this one that highlights how RiskMetrics Group went beyond revamping the process employees used to report expenses, to actually shortening the time between expenses being incurred to when they get reported. It’s no…Read More -
Employers Expect an Uptick in Hiring in 2010
Many employers were cutting back on new hires in 2009; in fact, most were eliminating positions in order to survive the financial crisis. 2010 is looking quite a bit brighter! The encouraging news regarding the economy is easing hiring fears throughout the US. Employers signal an increase in their plans to hire in the New Year according to CareerBuilder’s 2010…Read More -
Priorities are changing —Revenue growth becoming more important than cost cutting for most in 2010
Gartner reports that “IT investment level are on the rise and growth is more important than cost cutting in 2010.” According to a targeted, web-based survey of 190 senior business executives in large U.S.- and U.K.-based companies, the focus for 71 percent of business leaders is a return to revenue growth. Other top priorities for CEOs and business executives in 2010 are the retaining customers, competitive positioning, and attracting and retaining talent.…Read More -
Finding the resources and talent to manage your company’s risks…
How could anyone have anticipated the last year and the series of catastrophes, ranging from the housing crash to the liquidity crisis? It comes as no surprise that 96% of senior executives said in a recent Ernst & Young survey that their companies’ risk-management processes leave room for improvement. The economic downturn tested every company’s risk-management capability. The financial crisis uncovered many shortcomings in current risk management practices…Read More -
One big way to avoid next big financial crisis…
In the most sweeping set of changes to the banking regulatory system since the Great Depression, House lawmakers approved a giant legislative bill that would increase the regulation of US financial institutions and other corporations. The measure puts limits on the power of the Federal Reserve, endorses more oversight, and creates a Consumer Financial Protection Agency. The legislative package passed in a vote of 223-202 and imposes stronger capital…Read More