Real estate investing can be a great way to build wealth over time. Having accurate cost basis data for your property portfolio is important to making informed decisions about buying and selling properties.

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.

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.

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.