Do you have a business plan? If so, how detailed is it? Does it include forecasts of income and balance sheets? And most importantly, does it include forecasts of cash flow? Does your business plan model allow you to modify important drivers, such as variations in monthly sales levels, variations by product, gross profit percentage […]
CPA
More IRS Audits: Protect Your Receipts
The IRS and state taxing authorities are auditing more than ever these days, and for good reason: huge budget deficits and a taxpaying population that has become more agressive in misreporting their income. Since the pickings are so easy, expect many more audits in the coming years. What is the best way to protect yourself? […]