How Tax Debt Can Cripple Your Business – And How to Avoid It
Running a successful business requires careful financial planning, but tax debt is one of the biggest threats to any company’s stability. Many business owners underestimate the impact of unresolved tax obligations, assuming they can deal with them later. However, tax debt can quickly spiral out of control, leading to financial strain, legal consequences, and even […]
How Proper Accounting Practices Reduce Business Risks
Managing a business means tackling risks, and financial missteps are some of the most common challenges companies face. Whether it’s an unnoticed discrepancy or a missed compliance deadline, weak accounting practices can quickly spiral into costly issues. That’s why solid accounting practices aren’t just about keeping books—they’re about building a foundation of stability and resilience […]
Ryder System Announces Two New Executive Leadership Appointments
Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, recently announced the appointment of John J. Diez to president and chief operating officer (COO), effective January 1, 2025. In this new role, Mr. Diez will continue to report to Ryder Chairman and Chief Executive Officer Robert E. Sanchez with responsibility for the general management […]
The Role of Digital Tools in Enhancing Business Efficiency
Introduction As your business grows, the number of processes you need to control and manage increases as well. Just a few decades ago, to solve this problem, you would need to hire an army of assistants responsible for accounting, team management, and sending emails. Luckily, nowadays, the IT industry offers a wide range of instruments […]
How Integrated POS and ERP Systems Support Multi-Channel Retailing
Being on multiple marketing channels is now widely considered essential to sustainably grow a business. For retail companies looking to get an edge over their competitors, increasing the available channels generally improves their reach and provides a more nuanced view of customer preferences, resulting in higher revenue. There is a fundamental downside to multi-channel marketing […]
Ubilite appoints Marty McDermut as CFO
Ubilite Inc. announced recently Martin “Marty” McDermut as the company’s new Chief Financial Officer effective July 8, 2024. McDermut will report to CEO Peter Gammel and will be responsible for Ubilite’s corporate finance, accounting and administrative functions. McDermut, with more than 30 years of broad financial leadership, has a strong track record in strategic and […]
AuditBoard and Persefoni partner to integrate carbon accounting
AuditBoard, the leading cloud-based platform transforming audit, risk, compliance, and ESG management, and Persefoni, the leading Climate Management & Accounting Platform (CMAP), yesterday announced a partnership to help organizations integrate carbon accounting into their broader ESG program management. Persefoni’s enterprise-ready carbon accounting capabilities combined with AuditBoard’s award-winning connected risk platform provide joint customers with a […]
Understanding leases in the U.S.: A simplified guide
For businesses operating within the United States, navigating the distinctions between a capital lease and an operating lease is a critical aspect of financial management and accounting. These classifications not only affect a company’s balance sheet and tax reporting but also play a significant role in strategic financial planning. This article offers a straightforward guide […]
Whirlpool Corporation welcomes Richard J. Kramer to Board of Directors
The Whirlpool Corporation board of directors has appointed Richard J. Kramer, former chairman, chief executive officer and president of The Goodyear Tire & Rubber Company, to the board, effective February 19, 2024. Kramer will serve on the corporate governance and nominating committee and the human resources committee. “As a former CEO with tangible experience driving corporate strategy, […]
Baker Tilly announces strategic investment led by Hellman & Friedman
Leading advisory CPA firm Baker Tilly US, LLP (“Baker Tilly”) yesterday announces a strategic investment from private equity firms Hellman & Friedman (“H&F”) and Valeas Capital Partners (“Valeas”). The investment, estimated to close in early June 2024, recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the […]
