Call the Medics! My Business is Bleeding!

Overhead and taxes are necessary evils. Many business owners fail to plan for them. Without a written budget or a commitment to stick to a budget, the cash flow bleeding begins. After the Sales Analysis, the second most overlooked part of running a business is controlling cash flow. As a marine, I was taught how to Stop the Bleeding when a fellow soldier was injured. As your CPA firm, we can do the same for your business.

We hope your business experience isn’t as rough as combat. But, we know that cash flow problems can be quite painful. Our solution is the Overhead Expense Analysis and the Taxable Income Analysis that are part of our 5 Point Profitability Check Up.  These tools allow us to identify where bandages should be applied to stop unnecessary bleeding of cash out of your business. Next, we establish steps you can take to move your business and your cash flow into good health.

Here are a few of the recommended steps:

1. Develop a budget.
2. Minimize tax payments.
3. Monitor changing overhead needs.
4. Create systems of accountability.

So, how is your cash flow? Are expenses under control? Are you sure?

If not, contact Person CPA Group today to schedule your 5-point Profitability Check Up.

David W Huff, CPA, PFS, MS is a partner at Person CPA Group. He provides clients with tax preparation and consulting services, accounting services, retirement plan and benefit consulting, accounting software technical support and training, and management advisory services. His specialty is helping new businesses organize their operations to maximize tax savings and move quickly fromstart-up to profitability.  You can reach David by email at: david@personhuffcpa.com