The Shafer Group — CPAs & Tax Professionals You Can Rely On!
Business Advisory, what is it?
The Shafer Group CPAS, PC 13710 Struthers Road, #220 Colorado Springs, CO 80921 719-487-1200You may ask yourself, what does the term ‘Business Advisory Services’ mean? It's a hot and sophisticated word used today by accountants, CPAs, consultants, advisors, coaches and wealth management...
Working On your business
The Shafer Group CPAS, PC 13710 Struthers Road, #220 Colorado Springs, CO 80921 719-487-1200As a business owner you may be asking yourself the question, or you have heard the question…“What is the difference between working IN your company and working ON your company?” For most of us business...
Cash Flow verses Profits
What is the difference between profit, net income, and cash flow. There are three financial statements, one’s a profit and loss your income statement, shows profit, a balance sheet, which shows the value the historical value at a certain period of time.
Calculating a True Net Wealth
When calculating Net Wealth for business owners, there are a few important considerations many people don’t take into account with their business. This is especially important for business owners, as the largest asset they own is usually their business. Many people will tally up their total...
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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