Just Released: Business World September 2022

August 2022

Russell Bedford International has released the September edition of its biannual magazine, BUSINESS WORLD.

Business World delivers the latest views and analysis written by specialists from within the Russell Bedford network, together with guest authors from various other organisations from around the world.

Articles in the latest edition include:

Austria – a dynamic business location

Austria’s strategic location in Europe, its membership of the EU, all-round stability, and positive attitude to foreign investment are all good reasons to consider Austria as a business location. Add to this the ease of both setting up a business and doing business, and the access to a highly educated, skilled, and motivated workforce, and Austria becomes an attractive option for businesses looking to expand overseas. 

Alexander Hofer, managing partner at Russell Bedford’s Graz, Austria member firm Hofer Leitinger Steuerberatung GmbH, discusses the many benefits of doing business in Austria.

Protecting your business against rising inflation

Having navigated their way through the pandemic, many businesses (not unreasonably) may have thought they were in the clear. However, they soon faced another challenge: inflation. Regardless of business sector, rising prices have affected the cost of everything from labour and materials to machinery and services.

Hartley Cohen, an assurance partner at Russell Bedford’s Toronto member KRP, discusses how taking steps such as managing costs and cash flow can secure your business in the current operating environment.

CSR, ESG and DEI – are they worth the investment?

Businesses increasingly feel driven to include corporate social responsibility (CSR) activities in their business plans, while also showing good environmental, social and governance (ESG) practices; and supporting diversity, equity and inclusion (DEI) in the workplace. 

But is this easy to do and is it worth the investment? In the second of two articles, Business World asks Russell Bedford members about what part CSR plays in their businesses and how easy or difficult it is to incorporate ESG and DEI into daily business life.

Spring cleaning your business can pay dividends

We’re all familiar with the idea of spring cleaning our homes but it can also work wonders for a business. A yearly spring clean is a great way to refresh and reset your business, helping you to build a plan for now and the future, or to refocus on an existing plan. 

In this article, Dana Feng, an accountant at Lee Green, the Adelaide member firm of Russell Bedford International and Ben Spiers, a director at the same firm, look at some areas on which you can focus to build a stronger and more prosperous business, regardless of its size.

US tax reform: an overview

This past tax season has haunted US professionals with many cumbersome, albeit sometimes helpful, policy changes by the Treasury and the Internal Revenue Service (IRS).

In this article, Mark Feldstein, partner at Spielman Koenigsberg Parker LLP, Russell Bedford’s New York member firm, gives an overview of some of the most significant changes that could impact businesses.

Leadership and the diversity of generations

In today’s developed society, population life expectancy continues to grow. This presents challenges to business leaders as the workforce comprises people that cross multiple generations; we often hear these described as Generations X, Y and Z. Born in different times, each generation offers different experiences, has different expectations, and different opinions.

In this article, Rosangela Pereira Peixoto, a regional auditing director at Russell Bedford Brasil, looks at the approach business leaders need to take to get the best out of all generations.

To read the latest edition of Business World in full, visit the Business World page of the Russell Bedford website HERE. Business World is also available from member firms of the global accounting network.