CPAs are not just accountants. We are also business advisors. CPAs must be able to advise businesses, including our own, on one of the most important issues they are facing today – liquidity. Cash is king, and businesses should consider all possible ways to conserve cash today and in the weeks and months to come. During this session, we will explore multiple opportunities to conserve cash involving the business’s retirement plans, healthcare plans and compensation arrangements.
Explore opportunities to reduce cash expenditures related to retirement plans.
Avoid employer-sponsored retirement plan pitfalls that can cost businesses cash.
Identify opportunities to reduce healthcare costs.
Apply strategies to defer or reduce cash compensation expenditures.