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How Do I Forecast with Tax Code 280E?

CFO Share

Your strategic business forecasting must include proper considerations for section 280E – this is essential to planning cash flow and avoiding catastrophic tax bills at year-end. In simple terms, that means the cannabis industry taxable income is closer to its revenue rather than profit. How do I forecast for the 280E tax code?

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Uber Expects Revenue Plunge As It Retracts 2020 Guidance 

PYMNTS

billion impairment charge and $17-22 million in first-quarter losses. The company retracted its 2020 forecast for gross bookings, adjusted net revenue and earnings before interest, taxes, depreciation, and amortization (EBITDA). Second-quarter losses are estimated to be $60-$80 million. . “To

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When consolidating multiple P&Ls breaks your spreadsheets

Centage

In the detail-oriented world of finance, where precision and foresight are paramount, financial professionals often grapple with the daunting task of consolidating multiple Profit & Loss statements (P&Ls). Each budget manager received a copy of their prior year operating expenses and updated them.

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As Food Delivery Wars Heat Up, Domino’s Chief Warns Of Upheaval

PYMNTS

Domino’s Pizza CEO Richard Allison told the news outlet that third-party food delivery companies such as Grubhub and Uber Eats will eventually have to turn their attention to making a profit. “I He pointed to Grubhub ’s profit and loss statement after it changed its business model from order aggregator to third-party delivery company. .

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Highest Paid CFOs in the World in 2024

The Finance Weekly

Specifically, here are some key corporate matters the CFO is in charge of: Forecasting One key thing to note is that CFOs do more than just report the current situation. The CFO's job is to decipher various departmental forecasts to create profit projections for the CEO and shareholders.

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How to create & use pro forma statements

Cube Software

Think of pro forma statements as a monetary crystal ball, a guiding financial forecast. The Securities and Exchange Commission (SEC) requires that discrepancies between pro forma and GAAP-compliant financial reports be explained when released to the public. A pro forma invoice is not a type of pro forma financial statement.

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When to use FP&A software for nonprofits

Centage

Here are three key benefits of adopting nonprofit budgeting and forecasting software. The best financial management software is totally automated and GAAP-compliant, and gets rid of the pain from errors cased by linking complex formulas and macros across spreadsheets. No programming. No formulas. No links and logic to maintain.