Theran Welsh, CPA, Principal with SVA Certified Public Accountants, presented a webinar for Lorman Education Services on September 29, 2020 titled Cash Flow Modeling During COVID-19 and Responsive Solutions in Times of Limited Cash Flow.
During this webinar, Theran discussed real-time solutions to times of limited cash flow in a pandemic and how to recognize the current state of business with cash flow modeling. Like with any economic downturn in a current business environment, most executives are focused on cutting costs without consideration of long-term damages. Theran discussed what changes to make now to increase shareholder value.
Upon completion of the webinar, attendees were able to identify the right time to focus on a balance sheet and profit and loss statement, recognize when entity choice is a current weakness, discuss the four best practices for improving cash flow, and explain important input for developing an accurate cash flow forecast.
About Theran Welsh
Theran is a Principal with SVA Certified Public Accountants, S.C. and leads the Construction Services group. During his tenure, he has helped to develop SVA’s cost segregation, condo reserve study and construction contract compliance analysis services.
Theran has 30 years of experience advising construction CEO’s. He helps construction companies select choice of entity to reduce tax liability, set business strategy while developing initiatives for contractors to increase shareholder value. By utilizing the team approach to client service, contractor clients have access to the depth of resources available at SVA.
Utilizing his industry expertise, Theran also assists construction clients in analyzing overhead recovery methods, identifying areas of tax exposure and searching out specific opportunities for tax savings. All these efforts have resulted in substantial profit improvements for contractors.
About Lorman Education Services
Lorman Education Services held its first continuing education seminar in 1987. Since then, Lorman seminars have kept businesses, and the professionals who serve them, current in the rapidly changing regulatory environment. We understand your need for concise, accurate and timely information.
That understanding underlies each Lorman program. Lorman programs provide you current information on the rules, regulations and best practices that impact the success of your business or the business of your clients. Our faculty are leading professionals who work daily on the subjects they address.
SVA has been serving family-owned and closely-held companies since 1974. As we near our 50th anniversary, SVA is committed to remaining an independent CPA firm investing in our future growth. Our culture of innovation and agility provides the platform for our core goal. Serve. People. Better.
Our team members' expertise spans the areas of business consulting, tax, accounting, and audit in a diverse set of industries. We work towards meeting the strategic vision of each business and the owner's personal financial goals. We’re proud to say that this expertise has made SVA a perennial award winner as one of the nation’s Top 100 Accounting Firms, as well as a recipient of Forbes America’s Best Accounting Firms in 2021.