Remove .Net Remove CPA Remove Forecast
article thumbnail

Startup Tax Planning for Better Cash Flow Management

Up and Running

But accurately forecasting your tax obligations may seem difficult, particularly when you’re busy running a company. Many small business owners have no idea what they will owe in taxes until it’s time to pay them,” says Paul Gevertzman, CPA, a tax partner at Anchin, Block, & Anchin in New York.

article thumbnail

A Simpler Plan for Startups

Up and Running

She might benefit from developing a simple sales and expense forecast , maybe even a profit and loss , so she can plan how to use and develop her resources. You may well want to add a basic sales and expense forecast , leading to profit and loss , as next phase. Can you live without a sales and expense forecast?

Startup 114
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 Critical Things Entrepreneurs Need to Know about Managing Their Company's Finances.

Small Business Force

This doesn't mean you have to become a CPA or go take a boatload of accounting courses, but, at least, learn to understand what's in a basic income statement and balance sheet and what they mean. If it's net 30, don't pay in 25, pay in 30. Learn to understand basic accounting and formalize sooner rather than later. What are yours?

Finance 37
article thumbnail

5 Critical Tips to Reduce Your Business Taxes This Year [WEBINAR]

Up and Running

Earlier this month I hosted Ryan Clower, a CPA from the accounting firm M. I am a CPA, down here certified in the great state of Texas and really just stoked to be here. The advantage there is that we can designate part of their net profit that they can distribute to the owner as either tax-free distributions, or as owner salary.

.Net 85
article thumbnail

How to Fine-tune Your Small Business Finances—from Funding to Growth [Webinar Recap]

Up and Running

Three, I’m a book keeper, accountant or CPA and other. Three, I’m a bookkeeper, accountant or CPA or other. What I did is I learned the art of a pro forma and the value of a pro forma which basically is a forecast. I’ll say that one more time. This is number one. What best describes you? Thank you Josh.