This is one of the most important numbers to have in your head, particularly if you’ve a lot of fixed overheads.
One of the most puzzling things in business can be why the cash always seems to be so different to the profit.
Tax bills are one of the biggest and most common causes of cashflow problems
and businesses getting into difficulties.
Don’t lose money.
The balance sheet is a statement of the wealth and health of your business at a given point in time, usually the month end or year-end date.
Being really clear on what goes into each of the main accounting reports is very important for a business owner.
It’s really important to understand how dividends work in small business as this can help you get your profits out of your business in the most tax efficient way.