Top 5 Tax Strategies for Year End

Top 5 Tax Strategies for Year End  Consider Deferring Income Depending on this year’s margins and profits, some Owners opt to defer income to the following year. Situational circumstances dictate when this strategy should be implemented. Tax brackets, for example, could impact this decision.   2017 Budgets and Forecasts This is a critical time to […]

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Budgeting and Forecasting Part 2: The CEO’s role in the budgeting process

Building your Backwards Budget  Next, work that bottom line figure backwards.  By factoring in capital expenditures or additional investments the CEO wants to make, we derive at net income for the upcoming year.  We then factor in fixed costs/overhead costs to come up with the gross profit margin needed, to achieve this bottom line. Finally, […]

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Budgeting and Forecasting Part 1: The CEO’s role in the budgeting process

Backwards Budgeting. Begin with the End in Mind. As a speaker and facilitator to CEO groups, I’m always baffled by the response I get when I ask CEO’s about budgeting and forecasting.  In a room full of well respected CEO’s, typically only 10% of them raise their hands that they have a budgeting process for […]

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Avoiding a Black Eye as a NonProfit

When operating a nonprofit organization, one quickly learns that handling money wisely, is paramount. Even the smallest misstep can result in an embarrassing situation for the Board of Directors. CEO, and entire organization, particularly on a slow news day.  We hope this will help in avoiding a black eye when running a nonprofit.   In the nonprofit world, the […]

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Sustainability is a Key Driver of Financial Performance

One major function of chief financial officers (CFOs) is forecasting a company’s performance. And a performance indicator that’s rapidly growing in importance is sustainability. In fact, according to a survey conducted on behalf of Deloitte, 49 percent of CFOs surveyed said there is a significant link between sustainability and financial performance. And 36 percent are […]

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The Importance of Ongoing Strategic Planning

In today’s ever-changing marketplace, it’s hard to know what challenges you’ll be facing next week, much less next year. That’s why a dynamic financial strategy from an Orlando financial consultant allows businesses to be much more agile and effective in meeting their specific goals than a static process. Traditionally, strategic planning takes place once a […]

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The Benefits of Accurate Inventory Forecasts

Accurate inventory forecasting is critical component of businesses that supply products. To be successful, your company must produce and deliver its products in a timely and efficient manner, and it’s not sufficient to know what inventory you have. It’s important to analyze the demand for your products and project your inventory requirements into the future, […]

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6 Reasons Why Your Business Needs a CFO

If you’re a CEO or business owner, there will likely come a point in your career where a chief financial officer will be beneficial in planning and managing the finances of your business. One of the biggest reasons why businesses fail is because they end up running out of cash. Though you might not need […]

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