Many financial decisions have a tax implication, and the timing and methodology of the payment may impact that tax implication. Tax planning is the method by which we sit down with our clients and help them understand the implications of their actions, helping them make better informed decisions. Tax planning can help you engage in tax avoidance, by arranging your business affairs to minimize your taxes due.
The Difference between Income and Cash
One of the biggest challenges for small business owners is understanding the difference between Income, an Accounting Concept, and Cash, the money that they actually take out of their business. [...]
