CFO Brew

We support corporate finance experts, whether you're a recent business school graduate or the CFO, by providing the most up-to-date news and insights twice a week to help you stay on top of your ever-changing industry.

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IRS to lose up to 40% of its workforce

1 week ago | cfobrew.com | Courtney Vien

The IRS, acting under direction from the Trump administration, will cut from 30% to 40% of its workforce, according to an internal memo seen by CBS News and the Federal News Network. The agency has plans to go from 102,000 employees to a target of 60,000 to 70,000, the memo said. The layoffs will come in two phases, the memo said.
Tariffs won’t restore US manufacturing jobs, supply chain professionals say

1 week ago | cfobrew.com | Courtney Vien

Cut down on courthouse antics. Learn how legal system abuse is defined + strategies to mitigate this type of abuse with Marsh McLennan Agency. Defend your org. The tariffs levied by President Donald Trump likely won’t bring manufacturing jobs back to the US, a CNBC survey of supply chain professionals suggests. Around six in 10 (61%) respondents CNBC polled said it would be more cost-effective for them to source goods from lower-tariff countries than to onshore.
What midcap companies look for in a CFO

1 week ago | cfobrew.com | Courtney Vien

As CEO of executive search and talent advisory firm Boyden, Chad Hesters hears a lot about what companies are looking for in a CFO. In particular, he works with many midcap, privately held, family-owned companies. We spoke with him about the trends he’s seeing and the skill sets finance professionals should cultivate if they aspire to CFO roles in companies like these. This interview has been edited for length and clarity. What skill sets are midcap companies looking for in their CFOs?
Baker Tilly in talks to merge with Moss Adams

1 week ago | cfobrew.com | Courtney Vien

Hey, remember when we thought the CBIZ-Marcum merger was big? An even larger deal between two accounting firms may be on the horizon. The Wall Street Journal reports that Baker Tilly, the 11th-largest accounting firm in the US, and Moss Adams, the 12th-largest, are in talks to complete a merger. If the deal goes through, the combined entity would be the 6th-largest accounting firm in the US, with annual revenues of more than $3 billion.
Senate confirms Atkins as next SEC chair

1 week ago | cfobrew.com | Courtney Vien

The Senate has voted, 52–44, along partisan lines, to confirm Paul Atkins as head of the SEC. Atkins was an SEC commissioner from 2002 to 2008 under President George W. Bush, and is CEO of consulting firm Patomak Global Partners. He is widely expected to take a more deregulatory approach than his predecessor, Gary Gensler. In speeches, he has criticized Dodd-Frank and expressed the viewpoint that regulators, not Wall Street, were to blame for the Great Depression.
Producer price index surprises economists with 0.4% decline in March

1 week ago | cfobrew.com | Alex Zank

Here’s a good economic data point for a change—although to be clear, it’s a reflection of a time before President Donald Trump announced his reciprocal tariffs plan (then rolled back most of them). Prices for producers and manufacturers decreased 0.4% in March from the previous month, compared to increases of 0.1% in February and 0.6% in January, the Bureau of Labor Statistics revealed.
Third-party cyber risk is real, costly, and a business problem

1 week ago | cfobrew.com | Alex Zank

Cut down on courthouse antics. Learn how legal system abuse is defined + strategies to mitigate this type of abuse with Marsh McLennan Agency. Defend your org. CFOs know all too well the financial risks of a cybersecurity breach, especially when an attack grinds business to a halt. But it’s not just your company getting breached that you have to worry about; cyberattacks on your vendors can also prove damaging.
The rise and fall of the 150-hour rule

2 weeks ago | cfobrew.com | Courtney Vien

The 150-hour rule always irked accounting professor Boz Bostrom. The 40-plus-year-old rule requires aspiring CPAs to earn 150 hours of college credit—or 30 hours on top of the 120 needed for a bachelor’s degree—to be eligible for licensure. Getting additional education, Bostrom told CFO Brew, could cost a student tens of thousands of dollars “as opposed to working that year and making $75,000,” he said.
Third IRS head quits since the inauguration

2 weeks ago | cfobrew.com | Courtney Vien

The turmoil at the IRS continues as the agency’s head, Acting Commissioner Melanie Krause, has announced she will resign. She will be the third IRS head to step down since Donald Trump’s inauguration. Krause is leaving, people familiar with the matter told the Washington Post, because the Treasury Department and the Department of Homeland Security did not include her when drafting an agreement to force the IRS to give taxpayer data to immigration officials.
Looking beyond the long-term impacts of reciprocal tariffs

2 weeks ago | cfobrew.com | Alex Zank

Cut down on courthouse antics. Learn how legal system abuse is defined + strategies to mitigate this type of abuse with Marsh McLennan Agency. Defend your org. The Trump administration teased what it called “reciprocal tariffs” for months. But when the president unveiled his new tariff program last week, it became clear he was actually targeting US trade deficits with other nations.