The Shafer Group — CPAs & Tax Professionals You Can Rely On!
Unprepared for a Downturn
Any business that started in the past 10 years has only experienced one type of economy and one type of business environment. That would be a growing and healthy one. In 2010 The S&P 500 (a good gauge for stock market and overall economic health) started at $1,116 before closing at $3,393 in...
Great time for Acquisitions
As with any economic downturn, a great opportunity arises for well managed and well capitalized companies. Many poorly run businesses will shut down, see their valuations drop, or be forced to downsize and layoff a large portion of their employees. Good businesses can buy poorly run businesses for...
Cash flow woes
Cash flow. It’s the be-all end-all of any business. It’s what pays the bills. Over half of companies go out of business from a lack of cash flow—not a lack of profits. The key metric to gauge cash flow is whether your receivables are coming in quicker than your payables are going out. In other...
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