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- 2026
Scenario Planning as Part of the Strategic Planning Process
The COVID-19 pandemic disrupted businesses in several major ways — some good, some not so good. One positive change is the acceptance of scenario planning as a way to build resilience and preparedness into a business’s strategic plan.
Tax Planning: A Year-Round Task
Tax planning is a 12-month activity. It’s not something you try to fix fast as Dec. 31 approaches or a task to panic about right before April 15. Below are some items you can address throughout the year, in conjunction with your tax adviser.
How to Manage Cash Flow
When cash flow stays positive, your business can survive turbulent times. Use your history and sound financial data to project future cash flows. Cash flow is the lifeblood of your business and critical to its growth. Monitoring it prevents serious business disruptions. You must calculate accurate cash flow projections to address day-to-day activities.
Focus on Forecasting: Keeping Your Business on Track
Budget forecasting is an essential part of good financial management, yet many companies rely on their once-a-year projections throughout the year. Although that strategy may have worked in the past, it’s no longer effective. Things are moving too fast: Technology, government regulations and artificial intelligence are only some of the disruptors businesses are subject to on a regular basis.
Are You Required To File a Beneficial Ownership Info Report
As of Jan. 1 this year and extending until Jan. 1 next year, a yearlong requirement will be imposed on many small businesses. The owners of these small businesses must file a beneficial ownership information report with FinCEN, including personal identifiable information as the owners of said businesses.
Exit Planning for Business Owners
Whether your business is a start-up or a mature business, exit planning–including winding up the company–should be part of your overall business plan. That may sound counterintuitive, but the fact is that no one knows when they may have to leave their business.
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