Posts Tagged ‘Cash Flow’
Breaking Down the Statement of Cash Flow
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. The last financial statement is the statement of cash flow. It begins with the net income of your business and deducts items that impact cash but don’t impact net [...]
...Five Myths about the Cash Flow Cycle
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. Cash flow is the lifeblood of your business. It’s also the most misunderstood part of business by many small business owners. Here are five common myths regarding the Cash [...]
...Following the Cash Flow Cycle
The following is an excerpt from the book Smart Business, Stupid Business, written by Diane Kennedy of US TaxAid and Megan Hughes of Smart Business Incorporation. The cash flow cycle begins at the top of the profit and loss statements in the form of income. From the gross income, you subtract the expenses, until you [...]
...Passive Income: Money That Works So You Don't Have To (Pt. 1)
This week we’ll be looking at strategies for obtaining passive income to better help your business finances and allow you to focus on other aspects of the business. Depending on your location, you could be sitting on a goldmine of cash flow you didn’t even know about. Here are just a few strategies for you [...]
...Nonfiling Bites You At The Weirdest Times
Problem: I have a new restaurant client that hadn’t filed tax returns for the last SIX years! They figured that they had a loss, so they didn’t owe taxes anyway. However, looking at their books…I had to remind them that cash flow and income/loss are not the same thing. They had some large loan payments [...]
...3 Stages from Self-Employed to Business Success
Making the move from self-employed to successful business owner sounds easy on paper, but don’t be fooled! There’s plenty of work involved. However, on the other hand, there’s also the reward: money in your pocket and time on your hands to plan your next move. So how do you get from Stage 1 to Stage [...]
...Where Does Your Business Income Go?
Is there any way to think about cashflow and your business other than as a critical resource you can’t survive without? Cash keeps the lights on, the doors open, and the paychecks coming. A lack of cash slows down your business, keeps you up at night, and can ultimately create a mountain of debt that [...]
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