... to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cashbalance plan. Defined benefit plan with a twist The two most popular qualified retirement plans ...
... objectives will drive the projected income statement, balance sheet and cash flow statement included in your business plan. Be particularly sure you’ve discussed how you’ll fund any cash shortfalls that ...
... cash from perhaps either the sale of your company or a payout from a buy-sell agreement. But don’t forget to consider inflation. This adds another 2% to 4% per year to the equation. If, like many retirees, ...
... So, you should review and revise it annually. Key projections to generate are forecasts of your profits and losses, as well as your cash flow, in the coming year. Many business plans also include a balance ...
You’ve no doubt heard the old business cliché “cash is king.” And it’s true: A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors ...
From the time a business opens its doors, the owner is told “cash is king.” It may seem to follow that having a very large amount of cash could never be a bad thing. But, the truth is, a company that’s ...
... (or permanent) policies, which are generally more expensive, provide coverage as long as premiums are paid, and they gradually build up cash surrender value. This value appears on a business’s balance ...
... gotten into the thrilling tales lying within your income statement and statement of cash flow — the other two parts of your financial statements. Please contact our firm for help making the most of this ...
... likely expect to be offered a credit option when engaging in B2B transactions. On the other, credit arrangements inevitably come with risk of late payments or nonpayment, which can lead to cash flow problems ...
... assistance you receive from your former employer usually is tax-free. However, the assistance is taxable if you had a choice between receiving cash or outplacement help. 2.Health insurance costs Under ...
... loan? Your loan officer will also likely ask about your business’s previous sources of financing. So, be ready to explain how you’ve financed your company to date. Methods may include personal cash ...
... means you can choose to contribute only when cash flow allows. In addition, there are typically no setup fees for SEP IRAs, though participants generally must pay trading commissions and fund expense ...
Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a traditional IRA or 401(k) account but if you’re ...
... of cash flows. This report tracks sources and uses of cash from operating, investing and financing activities. Essentially, it shows how your business will make ends meet each month. In addition to acquiring ...
... your financial statements will comprise three major components: an income statement, a balance sheet and a statement of cash flows. Each one contains different, but equally important, information about ...
... can help reveal where the potential for profit lies. Identifying cash flows Another critical step in due diligence is identifying cash flows, both in and out. Determine what products or services drive ...
Every business should prepare an annual budget. Creating a comprehensive, realistic spending plan allows you to identify potential shortages of cash, possible constraints on your capacity to fulfill strategic ...
... spent for the excess coverage as a cash bonus that the employee can use to pay the premiums on an individual policy. Contact us if you have questions about group term coverage or how much it is adding ...
... as cash flow could grind to a halt if these customers don’t make their payments. Even worse, they could declare bankruptcy and bow out of their obligations entirely. For this reason, it’s critical to ...
... individuals who retire early and need to draw cash from their traditional IRAs to supplement other income. Naming beneficiaries. The decision concerning who you want to designate as the beneficiary of ...