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 […]
read moreBudgeting 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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