Happy Veteran’s Day and thank you to our brave servicemembers!
Protect Yourself from Unpredictable Supply Chain
Global supply chain is rapidly changing – it is a very unusual time in history, and many businesses are feeling the pressure of rising vendor costs and an unpredictable future. Raising your prices may offset some of the increased cost, but basic economic theory tells us that customers will eventually reach a point where they choose an alternative or go without.
To Refund or Rollover – Don’t be a Piggybank
When filing your #taxes, you may end up in a position where your total tax owed is less than the tax you paid during the year. This means you overfunded your tax piggybank! By law, the IRS must give you the option to receive a #refund of those overpaid tax dollars back to your bank account. The second option is to apply those dollars to next year’s taxes.
The Tax Reporting Challenges of Crypto
Cryptocurrencies continue to become more widely accepted as payment for goods and services, and remain as the bedrock of #nft transactions. This means that your likelihood of winding up with reportable crypto activity is growing fast. Exchanges like Coinbase make it easy for the average investor to dabble in crypto, and quickly buy and sell a variety of cryptocurrencies. What you may not know is that your crypto activity may be creating taxable events.
Raising Capital Considerations for High Growth Companies
In today’s world, it’s not enough to have a cool, innovative idea. The secret formula (albeit important) is only one piece required to create high-growth companies and make something special. Most entrepreneurs start off bootstrapping their venture until they reach the point where they need capital to light the rocket. As you prepare to finish drafting your pitch deck and doing the road show, consider the following items to be sure you are efficient and effective in your efforts.
How is inflation impacting my business valuation? 3 Considerations for Business Owners
This year the U.S. is experiencing record-high inflation due to several significant global economic and political factors. The impacts of this inflation are most easily and directly felt by consumers at the gas pump or the grocery store, but for business owners, the impacts run much deeper. Current inflation or the threat of continued significant inflation have substantial impacts on company valuations. Below are 3 considerations for owners as you try to make sense of a rapidly changing economy.
4 Considerations when Forecasting with Inflation
For most businesses, the process of creating a dynamic financial forecast is challenging and often a crystal-ball exercise. The benefit of building a forecast is that, if built properly, a forecast model will help you and your management team make impactful business decisions at the right time, and understand the impact of those decisions over the coming months and years. Given that forecasts rely heavily on management assumptions and estimates, it is important to factor in as many known inputs as possible and increase the probability that the forecast will represent reality.
First Dive of 2022
This weekend was my first official #scubadiving adventure of the 2022 season. I’m happy to report a small but respectable haul of lobsters, including this very photogenic lobster that was kind enough to salute the camera.
