Naples FL financial management planning should be an essential part of your business operations right from the start. As we move into 2014, it’s important to be aware of the role that Naples FL financial management plays in your organization, but also be aware of trends that can affect the way you plan financially.
Maclyn Clouse, professor of finance at the University of Denver’s Daniels College of Business, predicts these following business finance trends for 2014.
A fall in the stock market. According to Clouse, corporate earnings and economic growth numbers across the nation are not supporting the high stock market values. He states that business owners should not be surprised if the stock market falls from its recent record levels, because many analysts feel that the market is overvalued.
The effects of the Affordable Care Act. This legislation is affecting businesses and individuals in different ways. While many people see the benefit of the ACA putting consumers back in charge of their healthcare, financially it could hurt some businesses. With this in mind, it’s important to learn all that you can about the Affordable Care Act to make informed decisions about how your business should proceed.
Retirement planning remains crucial. Clouse states that business owners should spend more time on retirement planning and invest more dollars for retirement. Business owners should encourage their employees to do the same, and discourage them from relying on Social Security.
Changes in the tax laws. There has been talk recently of tax reform and tax law changes. Clouse points out that it’s imperative for business owners to know about new tax credits, expiring tax credits, changes in tax deductions, and changes in tax rates. All of these will impact the amount of your after-tax income in 2014.
At Sinclair Risk and Financial Management, we understand the extreme importance of a solid financial plan. When you partner with us, our team of seasoned and talented professionals will gain a full understanding of your Naples FL Financial Management philosophy, goals, and individual risk tolerance. We’ll also get inside your business operation to identify exposures to loss that threaten your business. Contact us today at (877)602-2305 for more information.