Strategic planning can help you manage costs while increasing efficiency and productivity in a complex business environment. You should intentionally plan for market trends and regulations that will affect you now and in the future. You need to be knowledgeable about current developments to be nimble enough to adapt to future changes. Being prepared is your best strategy.
Achieving your long-term goals and strengthening your bottom line won’t happen by implementing ill-conceived solutions. It takes a high-level view, big-picture thinking and a consultative leadership approach to devise and implement a comprehensive strategic plan. Our strategic planning process identifies your short- and long-term goals, reveals strengths and opportunities, weighs the potential impact of industry trends and regulatory compliance and aligns with your culture.
The results provide a mutual understanding of your company’s vision and an actionable roadmap that tells you how to reach it. We will be there to ensure that all of your tactics, and the people responsible for carrying them out, are working to fulfill your goals.
You’ve entered all the codes where you should. You know your company’s safe harbor affordability code without double-checking. You know every single employee’s ACA-full-time status for 2018. In other words, you have completed ACA reporting for 2018! So, can you close the books on the ACA for 2019? Of course not. The IRS just issued another wave of proposed employer shared responsibility penalty assessments.
Unfortunately, life doesn’t come with guarantees, and there is always the possibility of a premature death or a permanent disability, either from accidental or natural causes. That calls for contingency planning to make sure that you or your family receive a realistic value for the equity stake you have in your business in the event of the unexpected.