Super Micro Stock Plummets 30% After Auditor Resignation Amid Governance Concerns
Super Micro Computer, Inc. saw its stock price plunge 30% on October 30, 2024, following the resignation of its auditor, Ernst & Young, amid serious governance and accounting concerns. This dramatic shift raises alarms for investors, especially as the company faces federal investigations and scrutiny over its internal controls. With a history of regulatory challenges, Super Micro’s ability to regain investor confidence is now in question.
Small Businesses in UK Planning Significant Changes for New Tax Year, Intuit QuickBooks Survey Reveals
Intuit QuickBooks survey reveals that almost 100% of small businesses in the UK are planning significant changes for the new tax year. Top changes include using AI, reducing tax liabilities, upgrading financial management systems, and hiring accountants. Despite economic challenges, small businesses see the new tax year as an opportunity for success. Many are planning cutbacks and delaying investments due to uncertainty. Intuit QuickBooks emphasizes the importance of seeking assistance from an accountant and offers a comprehensive guide for navigating the new tax year and growing small businesses.