Sept. 8 - Biden plan to close 'tax gap' overstates payoff | Stack Overflow names new CFO

Work backwards when replacing legacy systems, accounting specialists say; After $1.8B acquisition, Stack Overflow names new CFO; SEC fines Kraft Heinz $62M, says procurement misled finance team; Most CFOs face high turnover rate, labor shortages View online | Signup | Forward

Daily Dive Sept.​ 8,​ 2021 | Today's news and insights for finance leaders   BROUGHT TO YOU BY — EY Strategic divestments: 2021 trends Learn how CFOs can better use portfolio reviews to drive strategic divestments and reimagine their organizations. Read our report.   Biden plan to close 'tax gap' overstates payoff: CBO estimate CBO analysis suggests the Biden administration may be exaggerating the gains from its plan to boost the IRS budget to thwart corporate and individual tax cheats. Work backwards when replacing legacy systems, accounting specialists say Launching new technology before knowing which dashboards and reports are most useful to individual accounting and non-finance team users will result in less-than-optimal results. After $1.8B acquisition, Stack Overflow names new CFO Veteran tech CFO Matt Gallatin joined the online community for software developers two weeks after European tech giant Prosus acquired it. Sponsored Content by Itemize Machine learning and AI to revolutionize CFO operations As a subset of AI technology, machine learning provides the tools to optimize every aspect of the workflow - from data capture to analytics. SEC fines Kraft Heinz $62M, says procurement misled finance team The company's controller group was misled into booking immediate savings instead of spacing them out over future years, the Securities and Exchange Commission says.   Most CFOs face high turnover rate, labor shortages As the pandemic persists, CFOs say, hiring and retaining workers poses a challenge to increasing revenue, according to surveys by PwC and CNBC. Sponsored Content by CFO Dive's studioID How today's CFOs are leveraging automation Many of today’s finance teams struggle with contending with siloed data and stagnant business processes that derive from separate tech solutions for their accounting, FP&A and reporting teams. Learn more in this upcoming webinar. Read more news Featured Resources FROM: Workiva Elevate Your Statutory Reporting [Infographic] How Does Your Statutory Reporting Process Stack Up? [Maturity Model] Advancing Your Global Statutory Reporting [eBook] Discover Statutory Reporting and Tax Trends 2020 From Our Library Webinar - on demand A CFO's Guide to Data Integrity and VAT Compliance Vertex Webinar - on demand A New Approach: The Continuous Close NetSuite Webinar - on demand Driving Cost Out of CX with Virtual-First Care Arise Trendline How digital transformation is changing the finance world View all resources What We're Reading The Wall Street Journal The New Head of the International Accounting Standards Board Outlines His Priorities The New York Times In Silicon Valley, Criminal Prosecutors See No Evil CPA Practice Advisor The "Swiss Army CFO" Now Responsible for Environmental Impact, Global Expansion, IPO Readiness Barron's China Trade Soars, Defying Forecasts Suggest a story we should read Upcoming Events Building a Better Business Case: Getting Your Executives on Board with Modern Accounting Sept. 14, 2021 - Sept. 14, 2021 | Webinar 2pm ET Small Automation, Big ROI: A Targeted Approach to Transforming Your Finance Function Sept. 16, 2021 - Sept. 16, 2021 | Webinar 2 pm ET Adapt & Transform: Seize the Economic Upswing Sept. 21, 2021 - Sept. 21, 2021 | Webinar 2pm ET Rethinking the Back-Office: Finance as a Strategic Enabler of Growth Sept. 23, 2021 - Sept. 23, 2021 | Webinar 12 pm ET Company Announcements Press releases from companies in your industry. iCG Team Thrilled to Make Inc 5000 List Press release from iCG Post a press release Dive Into a Topic Strategy & operations Financial reporting Compliance Technology Treasury Risk management Leadership Share CFO Dive: Daily Dive with others and get rewarded. You've referred 0 readers. To become an official Dive Insider, just successfully refer 10 contacts to CFO Dive: Daily Dive. Here's your link to share: https://www.cfodive.com/signup/insiders/?signup_referred_by=5f93078d7aa51972095c9316

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