Business View Magazine | Volume 9, Issue 2

122 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 2 Shift your business from uncertainty to confidence Are you, like many entrepreneurs, executives and business owners who are dealing with the challenges of a volatile environment, aiming to shift from uncertainty to confidence? How can we make our company more resilient in this volatile environment? Building an efficient enterprise that can respond quickly to risks and opportunities is particularly challenging in today’s business environment. Developing dynamic frameworks that enable business functions to rapidly adapt as the landscape shifts can strengthen operational resilience. How can we ensure decision making is based on the right information? Timely financial reports based on accurate data provide insight for management, investors, lenders, even prospective buyers, to understand your company’s financial integrity. Reliable accounting systems are the foundation for sound data-driven decision making. “For one professional service firm client, the financial reporting package we assembled to secure financing from the bank also attracted a buyer for the firm. The result was a sale of 22 times profit.” How do we strengthen revenues and reduce costs to build sustainability? Changes in markets can dramatically impact costs and revenue. Integrating well-designed performance management systems can build sustainable performance improvements – and business value. Is there a way to improve our company’s financial health and avoid breach of lending covenants? The pandemic led to impaired cash flows and higher debt overhang risk in many industries.Innovative finance strategies can help you leverage and build an optimal capital structure. How can we protect our family business from market disruption and succession challenges? Wealth planning and MNP’s Family Office models can assist in strategizing and effectively navigating key decisions and life events. These tools help to identify opportunities, manage financial complexities and family dynamics, achieve goals and guide the next generation. We’re thinking of buying another company; how do we optimize the transaction? Supporting your business strategy with the right transaction advisory team will maximize value through every stage of purchasing or selling — identifying prospective buyers or acquisition targets, conducting due diligence, securing the right financing, and completing the transaction for maximum value. “For a client who recently sold his business, we were able to reduce his tax bill from $5 M to $3.5 M.” Are there any tax strategies that can help us minimize future losses? Market volatility and downturns often present opportunities for advantageous tax planning. An estate freeze or a refreeze, for example, can help to reduce capital gains tax you will owe in the future. And tax loss planning strategies yield possibilities to trigger capital losses and offset capital gains. Are there opportunities to finance or transition our company? By preparing your business for transition, you’ll be ready to act on any opportunity. Designing a plan can enhance business value by singling out areas for improvement and reducing the taxes you’ll be obliged to pay. How can MNP help? MNP provides a complete solution stack to advance the success of your business – and gives you the confidence of knowing your actions will safely navigate your enterprise through turmoil today and toward success in the future. ...... To learn more about how MNP can you shift from uncertainty to confidence, contact Fabio Bonaccorso CPA, CA, at 416-596-1711 or Fabio.Bonaccorso@mnp.ca