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
Anchin Advisory Services Group
Accounting
New York, New York 360 followers
Nobody can predict the future, but you can be prepared when it arrives with Anchin’s Advisory Services.
About us
Anchin’s comprehensive suite of advisory services provides business owners, investment funds and high-net-worth families with on-demand resources to make the most of every opportunity and reduce risk. In addition to our tax and compliance work, we provide an array of services in Tax Advisory, Business & Risk Advisory, and Technology & Data Advisory. Our Advisory teams act as an extension of your internal staff and other advisors to ensure that we incorporate valuable input from all sources involved. Count on our dedicated team to help you navigate risk, overcome challenges, and make better-informed decisions. Tax Advisory: We consider the best tax structures for you from every angle, including international, federal, state and local regulations. From identifying opportunities to guiding you through the filing process, we take the complexity out of tax credits and incentives, viewing the long-term path of your business, and helping you towards your goals. Business & Risk Advisory: Any business in transition is vulnerable. We deliver expertise, stability and peace of mind. From structuring a deal to finding executive talent, to creating an exit plan or leadership transition strategy, we help you anticipate obstacles, negotiate successful outcomes and maintain your forward momentum. We can guide you through the best options for you, your employees and your company. Technology & Data Advisory: Wherever you are in your digital transformation journey, we make it easier and far less risky. We streamline key business processes to improve operations so you can focus on generating revenue; assess your potential risks and give you the strategies, advice and tools to manage it; and also target, pursue and eliminate potential threats before they become a problem.
- Website
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https://www.anchin.com/services/advisory/
External link for Anchin Advisory Services Group
- Industry
- Accounting
- Company size
- 201-500 employees
- Headquarters
- New York, New York
Updates
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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
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Anchin Advisory Services Group reposted this
As Featured in Long Island Business News, Russell B. Shinsky, CPA, CGMA, Managing Partner of Anchin, and other distinguished industry professionals share words of wisdom for aspiring accounting professionals. "Much of what I know, I learned by observing the people that I worked for and with throughout my career," says Shinsky, highlighting the opportunities that the industry provides for professional development and collaboration. Learn more about how a career in the accounting industry can result in sustainable growth and success and why embracing technology, such as data analytics, can help accelerate your career. Click to read the full article: https://lnkd.in/erx9Tpaj
What I wish I knew then: CPAs offer advice for young professionals
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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
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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
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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
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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
What Technology Companies Should Know About Due Diligence - Anchin, Block & Anchin LLP
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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
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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
Maximizing Tax Benefits: Understanding QSBS Eligibility for Small Business Stakeholders - Anchin, Block & Anchin LLP
https://www.anchin.com
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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
Understanding What Motivates Malicious Insider Attacks Can Help Inform Mitigation Strategies
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