An undeclared battle has been waging for years between the IRS and many Los Angeles and Southern California businesses that own or lease tangible property regarding whether expenditures related to such property should be expensed or capitalized. Expensed property can be deducted immediately as a current expense, but capitalized property...
In the course of your interactions with clients, you may occasionally determine that they have a need for high-level financial expertise to help them resolve issues or reach certain business goals. One way you can help these clients is to refer them to an outsourced financial consulting professional. An outsourced...
Los Angeles and Southern California business leaders can reap many benefits from engaging the services of an outsourced CFO services provider. These include enhanced productivity, higher profitability, reduced costs, a higher level of financial control, and improved overall financial performance. Your expectations regarding the working relationship with an outsourced CFO...
With 2013 drawing to a close, attention turns to closing out the year advantageously and engaging in strategic planning and strategic forecasting to set the right course for new year.
The most important elements of the preparation process are strategic planning, budgeting and strategic forecasting with...
Los Angeles and Southern California business leaders face many different kinds of risk when it comes to running their companies. Of course, the very idea of owning and managing a business entails assuming a certain degree of risk. While the risks involved in running a business can’t be completely eliminated,...
While recent data indicates that the economy is growing, albeit very slowly, many Los Angeles and Southern California businesses are still navigating rough waters. This is especially true for businesses that suffered disproportionately to other businesses during the downturn, or those whose product lines are in an industry niche...
In their ongoing efforts to maximize efficiency, stay focused on their core competencies, and get more done with less, more Los Angeles and Southern California business owners and executives are starting to realize the many potential benefits of outsourcing. But some still think that they’re too small to outsource,...
Los Angeles and Southern California business leaders who want to grow their companies have two main options: growing internally (or “organically”) by increasing sales, or growing externally by acquiring another business. Organic growth is usually slow and steady, achieved over a number of years through disciplined sales, marketing and customer...
There are two main types of financial reporting conducted by Los Angeles and Southern California businesses: historical reporting, which looks back at past financial performance, and predictive reporting, which proactively looks ahead to future financial performance. While the vast majority of businesses concentrate most of their efforts on historical reporting,...
The CFOs of most Los Angeles and Southern California businesses juggle a lot of balls and wear a lot of different hats. A CFO’s main responsibility, of course, is to determine the financial direction of the company and then make sure that everyone who works in the finance function...