Author Archives: Cordasco

Cordasco Weighs in on How the Wealthy Use Private Placement Annuities

Check out Rob Cordasco’s latest interview with Financial Advisor Magazine on “How the Wealthy Use Private Annuities to Defer Investment Taxes”. Cordasco has helped many clients develop strategies involving Private Placement Variable Annuities (PPVA) and Private Placement Life Insurance (PPLI) … Continue reading

Posted in Blog | Comments Off on Cordasco Weighs in on How the Wealthy Use Private Placement Annuities

Preparations vs. compilations

Your business needs financial statements so management can monitor performance, attract investment capital and borrow money from a bank or other lender. But not all financial statements are created equal. Audited statements are considered the “gold standard” in financial reporting. … Continue reading

Posted in Blog | Comments Off on Preparations vs. compilations

How to forecast smarter

Forecasting key business metrics — such as sales demand, receivables, payables and working capital — can help you reduce excess inventory and other overhead, offer competitive prices, and keep your business on solid financial footing. Although historical financial statements are … Continue reading

Posted in Blog | Comments Off on How to forecast smarter

Establish a tax-favored retirement plan

If your business doesn’t already have a retirement plan, now might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For example, if you’re self-employed and set up a SEP-IRA, you can … Continue reading

Posted in Blog | Comments Off on Establish a tax-favored retirement plan

KPIs: What are they, and which ones count?

Management needs timely, accurate feedback to guide operating decisions, anticipate problems and take advantage of emerging opportunities. Unfortunately, comprehensive financial statements take a long time to generate. Reporting key performance indicators (KPIs) on a monthly or weekly basis is a … Continue reading

Posted in Blog | Comments Off on KPIs: What are they, and which ones count?

Let your financial statements guide you to optimal business decisions

Now that 2022 is up and running, business owners can expect to face a few challenges and tough choices as the year rolls along. No matter how busy things get, don’t forget about an easily accessible and highly informative resource … Continue reading

Posted in Blog | Comments Off on Let your financial statements guide you to optimal business decisions

The tax rules of renting out a vacation property

Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the tax consequences of renting it out for part of the year. The tax treatment depends on how many days it’s … Continue reading

Posted in Blog | Comments Off on The tax rules of renting out a vacation property

Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions

Typically, businesses want to delay recognition of taxable income into future years and accelerate deductions into the current year. But when is it prudent to do the opposite? And why would you want to? One reason might be tax law changes … Continue reading

Posted in Blog | Comments Off on Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions

Take your financial statements to the next level

Spring is the time of year that calendar-year-end businesses issue financial statements and prepare tax returns. This year, take your financial data beyond compliance. Here’s how financial statements can be used to be proactive, not reactive, to changes in the … Continue reading

Posted in Blog | Comments Off on Take your financial statements to the next level

Does your business barter? Here are some facts you should know

In today’s economy, many small businesses are strapped for cash. They may find it beneficial to barter or trade for goods and services instead of paying cash for them. Bartering is the oldest form of trade and the internet has … Continue reading

Posted in Blog | Comments Off on Does your business barter? Here are some facts you should know