Blog

Fully deduct business meals this year

The federal government is helping to pick up the tab for certain business meals. Under a provision that’s part of one of the COVID-19 relief laws, the usual deduction for 50% of the cost of business meals is doubled to 100% for food and beverages provided by restaurants in 2022 (and 2021). So, you can […]

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Cordasco Weighs in on How the Wealthy Use Private Placement Annuities

Check out Rob Cordasco’s latest interview with Financial Advisor Magazine on “How the Wealthy Use Private Annuities to Defer Investment Taxes”. Cordasco has helped many clients develop strategies involving Private Placement Variable Annuities (PPVA) and Private Placement Life Insurance (PPLI) to defer or avoid tax as they accumulate wealth. Cordasco continues to be an industry […]

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Preparations vs. compilations

Your business needs financial statements so management can monitor performance, attract investment capital and borrow money from a bank or other lender. But not all financial statements are created equal. Audited statements are considered the “gold standard” in financial reporting. While public companies are required to issue audited statements, smaller, privately held organizations have options. […]

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How to forecast smarter

Forecasting key business metrics — such as sales demand, receivables, payables and working capital — can help you reduce excess inventory and other overhead, offer competitive prices, and keep your business on solid financial footing. Although historical financial statements are often the starting point for forecasts, you’ll need to do more than just multiply last […]

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KPIs: What are they, and which ones count?

Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time to generate. Reporting key performance indicators (KPIs) on a monthly or weekly basis is a simplified alternative to gauge performance in real time. Popular financial metrics KPIs measure an organization’s […]

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Assessment

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