emotional cash flow
What is the one thing that most business owners are afraid they’re going to run out of? Cash, right? But in spite of the stress that this can create, there is probably nothing that has as much emotion surrounding it as Payroll. Face it. There is nothing more important to you – or your employees – than payroll. Some employees check their bank account every payday to assure that they got paid. When a company runs into Cash Flow issues, you can put off paying your suppliers. You might put off some loan payments. You can even put off your
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trying to run away from taxes
  Nobody wants to pay more taxes than they need to. But this is a strange time of year in a strange year. The tax code is in flux, and what should you do between now and the end of the year to improve your tax situation? The conventional wisdom is that taxes aren’t going to go up for businesses next year. They might go down, or they might be the same, but they’re not going up. So, what should you do to take advantage of whatever changes might happen? The secret sauce is to reduce or defer your taxes
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keep more of your money cut your taxes
It’s too late to reduce costs or increase sales if you haven’t been doing it all year. So how can you improve your company’s performance before year end? Business success is not defined just by higher Net Income, it’s Free Cash Flow that’s critical. That’s spendable cash. You can reduce your taxes without reducing your Free Cash Flow. Review the assets on your balance sheet. What are the REAL numbers? By correcting those balances, you might reduce your assets, thereby reducing Net Income and your taxes. Correct your inventory – reducing the value reduces your taxes. A physical inventory will
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good or bad cash decisions
We have all run short of cash.  So, you won’t eat out till payday.  But when your business runs out of cash, it’s not a joking matter.  You can’t tell your employees to wait another week for payday. There are steps you can take to find extra cash.  But when you get too creative, you will have your conscience shouting NO!  If your stomach turns because you aren’t sure if you should do it or not, the answer is DON’T.  Here are twelve things you shouldn’t do.  They will come around and bite you in the butt.  Guaranteed. Don’t make
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cash flow
Every business ends up short of cash from time to time. But there’s short of cash, and then there’s SHORT OF CASH. In the first case, you’re going to have to wait a few months to buy that new production machine. In the second, you need to figure out some way of covering payroll on Friday. No one needs, or likes that kind of “short.” So, if you are so short of cash that you can’t cover payroll, what can you do to jump that gap, to allow you to get over the hump? Here are twelve things you can
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