Anchin Advisory Services Group’s Post

The departure of a CFO may result in a significant leadership void, making adequate succession planning crucial for organizational stability. Proper preparation and a well-developed succession plan can ensure a smooth transition and maintain a company's strategic and financial momentum. https://lnkd.in/eM7BDt_N #CFOLeadership #SuccessionPlanning #CorporateGovernance #FinanceLeadership

Transform your approach to financial planning and analysis (FP&A) and drive your business forward with key strategies and insights to enhance budgeting, forecasting, and reporting. Unlock the full potential of your business with Anchin’s comprehensive FP&A Guide. Get your free guide today! https://lnkd.in/eQPcJKzd

The key difference between cash and accrual accounting lies in the timing of when sales and purchases are recorded in your accounts. Cash accounting recognizes revenue and expenses only when money changes hands, but accrual accounting recognizes revenue when it’s earned and expenses when billed (but not paid). #AccountingBasics #CashVsAccrual #RevenueRecognition

Owning a commercial property requires constantly managing costs and increasing cash flow to maximize overall return on investment. Most owners and landlords scrutinize expenses and operational expenditures to run their property as lean as possible. However, many overlook the potential advantages offered by a cost segregation study, a tax incentive designed specifically for commercial real estate owners to minimize tax liabilities and maximize cash flow.   #CostSegregation #RealEstate 

Understanding what qualifies for the Research & Development (R&D) tax credit is crucial for businesses seeking to maximize their tax benefits. The "Four-Part Test" serves as a framework for identifying expenses incurred by what can be considered as qualifying research activities. By delving into each component of the test, businesses can discern whether their endeavors align with the requirements that must be met to claim the R&D tax credit, thus facilitating a clearer path to claiming the credit. #RandDTaxCredit #TaxCredits #ResearchAndDevelopment

In this #AnchinAlert, Chris Noble, Partner and Leader of the Professional Services and Technology Groups, outlines the crucial financial and tax considerations for technology companies navigating M&A transactions. Thorough due diligence, including understanding revenue recognition, deferred revenue, and sales tax complexities, is essential to ensure successful transactions and minimize post-transaction risks. https://lnkd.in/e-kAnaWi #MergersAndAcquisitions #Technology #DueDiligence

Gain insights into planning, budgeting, integrated financial planning, performance reporting, and forecasting. Transform your approach to FP&A and drive your business forward with key strategies and insights. Unlock the full potential of your business with our comprehensive Financial Planning & Analysis Guide. Get your free guide today! https://lnkd.in/eQPcJKzd

In this #AnchinAlert, Brent T. Lessey, CPA, MST, Partner, and Co-Leader of Anchin’s Consumer Products Group, explains the tax advantages provided by the Qualified Small Business Stock (QSBS) Exclusion for founders, investors, and employees of small businesses. Understanding and maintaining QSBS eligibility is crucial, as it can save millions in federal taxes by exempting capital gains tax on qualifying stock. https://lnkd.in/eJ6DsaYZ #QSBS #SmallBusiness #CapitalGains #Founder #Investors

Understanding the motivations behind malicious insider attacks is crucial for developing effective mitigation strategies. These threats can stem from various incentives, including financial gain, personal grievances, ideological conflicts, or external coercion. By understanding the diverse motivations, tactics, and mitigation strategies related to insider threats, businesses can more effectively safeguard their assets and integrity. https://lnkd.in/g-7RixSY #Cybersecurity #InsiderThreats #RiskManagement