Are Financial Forecasts Reliable?
There are many types of financial forecasts, but they fall into two categories: quantitative and qualitative. To understand the pros and cons of any forecasting method, you’ll first need to …
Figuring Out Your Business Taxes
Think you’re ready for tax time? Take the test. The type of business will determine the type of taxes that will be required to be remitted. Here is a list …
4 Ways To Repurpose Vacant Commercial Real Estate Properties
Commercial real estate is one of the industries that was heavily impacted by the COVID-19 pandemic. According to Barclays, a long-term shift to remote work could lead to a 10%-20% …
How To Ensure Your Company’s Financial Statement Assertions Are Accurate
A company’s financial managers are responsible for accurately reporting all of the organization’s financial activities. They confirm this accuracy in the financial statement assertions, which are explicit or implicit assertions …
Should You Introduce Profit-Sharing — and How?
Your business is doing well, and you want a way to share some of your firm’s profits with the people who helped create its success. The solution might seem obvious: …
Restructuring Debt as a Business Strategy
Many businesses are facing the financial effects of the pandemic. The loss of clients and decreased cash flow have forced businesses to make some hard choices that involve restructuring debt …