Heighten Accountants
Cash flow and profit forecasts are crucial tools for your business providing insights into your financial health and helping you plan for the future. Let’s break it down: Cash Flow Forecast: The cash flow forecast is a projection of the amount of cash that will be moving in and out of a business over a […]
As a small business owner or partner, navigating the complex landscape of accounting methods can significantly impact your taxable profits. The choice between the accruals basis and the cash basis is a decision that requires careful consideration, and this blog aims to guide you through the essential factors to help you make an informed choice.
Would you prefer your business profit to stay at the same amount as last year or to be more this year?
If your answer is “yes” then you should regularly use this simple to implement financial analysis and assessment tool.
Business expenses can be a valuable tool for saving taxes and increasing profitability for your business. As a profit-centric business owner, it is crucial for you to understand the various expenses you can deduct from your business to reduce tax liabilities.
