Ex-Twitter CEO, CFO’s suit may find Delaware law favorable

Chancery Court has a history favoring bylaw provisions requiring companies to pay executives’ legal costs even when they no longer work for the company.   

By Robert Freedman • April 11, 2023

Small businesses see credit tightening: NFIB

Banking system instability has triggered a pullback in credit and shaken confidence among small businesses, the NFIB found in a survey.

By Jim Tyson • April 11, 2023

Explore the Trendline➔

Compensation: solving the cost-talent puzzle

In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.

By CFO Dive staff

Ledge seizes on SVB crisis with multi-bank offering

The Israeli finance tech startup decided to expedite the rollout of its new treasury management tool after the collapse of Silicon Valley Bank.

By Alexei Alexis • April 11, 2023

Tax executives expect higher rates of audits, disputes: EY

Tax jurisdictions worldwide are stepping up scrutiny of businesses as they prepare to enact a 15% global minimum corporate tax next year, according to respondents to an EY survey.

By Jim Tyson • April 10, 2023

IRS targets corporate, wealthy tax cheats

The federal tax collector plans to expand enforcement staff and reverse a decline in audit rates for businesses and households earning more than $400,000 per year.

By Jim Tyson • April 7, 2023

Bed Bath & Beyond inks $120M inventory deal

While battling to stave off bankruptcy on multiple fronts, the Union, N.J.-based retailer-is also struggling to keep shelves stocked and vendors paid.

By Maura Webber Sadovi • April 6, 2023

Fed officials signal more tightening than investors forecast

A credit squeeze following recent banking system turmoil may prompt policymakers to reduce the main interest rate before the end of 2023, according to investors.

By Jim Tyson • April 5, 2023

FASB chooses single software accounting model

The new project marks the first time in decades that the U.S. accounting standard setter is revisiting accounting for software costs.  

By Maura Webber Sadovi • April 5, 2023

Slump in jobs, manufacturing suggest economy softening

Turmoil in the banking system may lead to a tightening in credit, weaker manufacturing and reduced hiring.

By Jim Tyson • April 4, 2023

IPO proceeds slump 61% amid risk of credit squeeze: EY

Turbulence in the banking system will likely tighten a credit squeeze and worsen a downturn in initial public offerings.

By Jim Tyson • March 31, 2023

Business spending outlook ‘deteriorated’: Fed CFO survey

CFOs were planning to reduce expenditures before turmoil in the banking system threatened to provoke a credit tightening.

By Jim Tyson • March 29, 2023

Ex-CFO convicted of tax evasion, hiding offshore accounts

The ex-CFO of a Russian natural gas company was found guilty of concealing his ownership of more than $93 million in offshore assets and failing to file and pay income taxes for several years.

By Alexei Alexis • March 29, 2023

Bank failures could cause SMB credit crunch

“The current banking crisis could directly lead to a small business crisis if they are not able to quickly access the capital they need to sustain and expand their operations,” Biz2Credit’s CEO said.

By Anna Hrushka • March 28, 2023

Climate change shareholder proposals trending toward record

Debate has flared in recent months over whether businesses and institutional investors should use ESG criteria when making decisions.

By Jim Tyson • March 27, 2023

Banking turmoil may trigger recession: Fannie Mae

Small- and mid-size banks will likely tighten credit in the coming months, increasing the odds of a downturn this year, economists said.

By Jim Tyson • March 24, 2023

Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

By Jim Tyson • March 22, 2023

Fed likely to hike main rate despite banking turmoil: economists

Banks will likely reduce lending in coming months, complementing Fed efforts to cool the economy while increasing the risk of recession, economists said.

By Jim Tyson • March 21, 2023

IRS misses deadline for upgrading business transcript system

The IRS has faltered as it shifts business tax transcript requests from a paper to an online system, according to the agency’s inspector general.

By Jim Tyson • March 20, 2023

FASB kicks off comment period on income-tax updates

While previous FASB efforts to update accounting standards for taxes have fizzled, Chair Richard Jones has said tweaks to the project’s scope have made it achievable.

By Maura Webber Sadovi • March 15, 2023

Core inflation rises, challenging Fed amid banking instability

Even as high inflation persists, the failure of Silicon Valley Bank and Signature Bank has undercut expectations that the Fed will step up the pace of monetary tightening.

By Jim Tyson • March 14, 2023

Biden support for depositors may not brighten credit outlook

The high-profile failures of Silicon Valley Bank and Signature to hedge against interest rate risk may lead to a period of tighter credit, economists and financial advisers said.

By Jim Tyson • March 13, 2023

Wary CFOs get new COVID tax credit warning

The latest IRS warning comes as some CFOs are already hesitant about looking into whether their firm is legitimately eligible for the CARES Act tax credit. 

By Maura Webber Sadovi • March 9, 2023

Powell testimony fuels expectations of half-point Fed rate hike

Fed Chair Jerome Powell told a House committee Wednesday that the central bank is concerned about persistent price pressures and is determined to reduce inflation to its 2% target.

By Jim Tyson • March 8, 2023

Powell says Fed may hike rates more than forecast

Fed Chair Jerome Powell told a Senate committee that reducing inflation to the central bank’s 2% target may not lead to widespread layoffs.

By Jim Tyson • March 7, 2023

IRS Commissioner-nominee pledges to uncover corporate taxes owed

Billions of dollars in new funding for the IRS will not go toward increasing the audit rate for businesses and taxpayers that make less than $400,000 per year, Daniel Werfel said.

By Jim Tyson • March 1, 2023