by D. Maykl Muhammad | Jun 17, 2024 | CFO, Nonprofit
SUMMARY Mergers and acquisitions (M&A) involve complex financial considerations like accurate valuation, thorough due diligence, and strategic financing to ensure success. Key practices include ensuring a strategic fit, maintaining clear communication, and having...
by CFOE Team | Jun 7, 2024 | Bookkeeping, CFO, Nonprofit, SBA, Small Business News
SUMMARY The Small Business Administration (SBA) is launching a new 7(a) Working Capital Pilot Program, designed to provide small businesses with a more flexible line of credit compared to traditional term loans. This program will offer a newly structured line of...
by D. Maykl Muhammad | May 29, 2024 | Bookkeeping, CFO, Nonprofit
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...
by D. Maykl Muhammad | May 22, 2024 | CFO, Nonprofit
SUMMARY Strategic financial forecasting is crucial for anticipating and mitigating future business challenges. It enables informed decision-making, effective strategic planning, and proactive risk management by providing a forward-looking perspective on financial...
by D. Maykl Muhammad | May 21, 2024 | Bookkeeping, CFO, Nonprofit
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...
by D. Maykl Muhammad | May 20, 2024 | CFO, Nonprofit
SUMMARY Effective budgeting is crucial for sustainable business growth and profitability. Advanced techniques such as zero-based budgeting, rolling forecasts, activity-based budgeting, and driver-based budgeting provide strategic advantages. Zero-based budgeting...
