Procter & Gamble’s Cash Flow Forecasting Techniques
SUMMARY Procter & Gamble (P&G) excels in cash flow forecasting by employing integrated financial planning and analysis, advanced data analytics, and detailed cash flow monitoring. The company uses predictive analytics and real-time data integration to enhance...
Is Your “Small Business” a Hobby?
SUMMARY The IRS distinguishes between hobbies and businesses based on profit motive and specific criteria, impacting tax obligations. Key factors include how the activity is conducted, the expertise involved, the time and effort invested, income history, occasional...
Incorporating. Structure vs Taxation
SUMMARY An LLC is a flexible business structure offering limited liability protection and can choose its tax treatment. An S-Corp is a tax classification that provides pass-through taxation but has stricter ownership rules. A C-Corp is a traditional corporation that...
Financial Reporting Success
SUMMARY Accurate financial reporting is crucial for business success, enabling informed decision-making and strategic planning. It provides a clear view of a company’s financial health, helping track performance and identify areas for improvement. Transparency...