State and local taxes represent a key and often material part of a business’s total tax liability. Many states are reporting budget surpluses, reducing tax rates and offering new credits and incentives, but states are also looking to expand taxation of the digital and internet economy. With the calendar year 2022 tax reporting and filing season
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Cost Optimization Strategies for Resilient Growth
The overall economic outlook is uncertain, costs continue to rise and supply chain disruption persists. How can businesses enable new growth and find competitive advantage? Looking at the performance through previous downturns, companies that took proactive steps and pursued resilience strategies like cost optimization performed better than the competition. The right cost optimization strategy can Read More
6 Mistakes Manufacturers Make During Post-Merger Integration
Manufacturers leave value on the table by failing to properly integrate acquisitions. Although 2021 was a record year for M&A, many of those deals have not reached their full potential. According to the 2022 BDO Manufacturing CFO Outlook Survey, 31% of manufacturers say recent deals have failed to achieve expected synergies. Manufacturers who have
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Corporate Compliance Monitorships: The Need for Data Analytics
Corporate compliance monitorships are on the rise. The U.S. Department of Justice (DOJ) is pursuing compliance with renewed vigor. Updated DOJ guidance on regulations such as the Foreign Corrupt Practices Act (FCPA) is creating more emphasis on companies’ need to incorporate data analytics as part of their internal controls for compliance programs. While many
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Real Estate and Construction Industries’ Growing Cybersecurity Threat
In the last few years, real estate and construction leaders have made great strides to implement new technologies into their regular practices. While these advances have uncovered additional efficiencies, their adoption has created a critical vulnerability: data security. Cyberattacks are on the rise, with a 22% increase in major attacks year over year, according to
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Recession Readiness – A Focus on Distressed Customers
While you may be focused on your company’s bottom-line, cash flow and liquidity (i.e., your ability to stay afloat) during these uncertain economic times, it is also important to consider how your largest customers may be weathering the storm. Most finance departments have ample experience working with slow-paying customers, but unless you happen to be
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