The real estate industry is transforming. Greater penetration of e-commerce, ongoing supply chain disruptions, changes in consumer spending habits, the desired location of first-time homebuyers, the shift from in-office to remote work and the increased use and reliance on technology are forces converging on the industry and forcing investors and owners to change traditional ways
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6 Ways to Combat Distress in Healthcare
How the industry can relieve its financial strains, based on insights from 100 healthcare CFOs According to the 2022 BDO Healthcare CFO Outlook Survey, 63% of healthcare organizations are thriving, but 34% are just surviving. And while healthcare CFOs have an optimistic outlook—82% expect to be thriving in one year—they’ll need to make changes this
Read MoreWhat Businesses Need to Know About Cybersecurity in 2022
Business Leaders are Now Part of the Conversation An estimated 48% of the board are involved in cybersecurity strategy discussions, showing the line between business and cybersecurity is blurring. Business leaders are recognizing that they must have an understanding of risk and a working knowledge of their organization’s level of cybersecurity and compliance preparedness. Business
Read MoreCheck your Numbers as Provider Relief Funds Spigot Keeps Running
The fourth phase of the Provider Relief Fund (PRF), originally planned to end in December, is still delivering payments to health care providers. The ongoing disbursement serves as a reminder to report your previous PRF payments and, if you want the feds to recalculate your most recent payment, make sure it’s worth an audit risk.
Read More2022 Priorities for Mitigating Family Office Cybersecurity Risk
Over 50% of ultra-high net worth family wealth is being managed through family offices, yet even the largest family offices lack the security resources of most banks and large corporations. This makes them a huge target for cyber criminals, and cyber threats are becoming more pervasive for family offices of all sizes. Not surprisingly, cybersecurity
Read MoreYear End Tax Planning for Businesses
As the U.S. entered 2021, many assumed that newly elected President Joe Biden along with Democratic majorities in the House and Senate would swiftly enact tax increases on both corporations and individuals to pay for the cost of proposed new infrastructure and social spending plans, potentially using the budget reconciliation process to do so. Since
Read MoreTips for Nonprofits Struggling to Gain their Financial Footing
As a nonprofit, you’re always looking for ways to get more donations of money and goods, depending on the type of nonprofit. In the wake of COVID-19, you may find yourself on shaky financial footing, between people needing the help of nonprofits and others unable to donate. Without money or goods, your nonprofit can’t help
Read MoreThe Pros and Cons of Outsourcing Small Business Accounting
If you are a small business owner, then there is no doubt you understand the vital importance of keeping accurate financial records. From fraud prevention to cash flow analysis, there are so many reasons why accounting’s role in day to day business operations is so crucial to the ultimate success of the company. One decision
Read More4 warning signs of business failure
According to the Small Business Administration, about half of all newly established businesses last five years or more. Only a third survive to the ten-year mark. For a variety of reasons, companies that possess the stamina and skill to endure the early years of growth sometimes flounder as the business matures. Why? In all too
Read MoreFind the exit strategy that’s right for you and your business
If you have been managing your business for a number of years now you might be considering an exit strategy. But doing so takes planning. How will you get your money out of the business? How much will you take out? Will you liquidate company assets or transfer ownership to someone else? How long do
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