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Depreciation Really Does Effect Cash
“It’s widely known that depreciation is a non-cash accounting/tax principle.” But it does effect cash. One reader questioned this as he said it could be disregarded. Not so fast, depreciation represents a real cash outlay and does effect the Statement of Cash Flows. I trust the following brilliant explanation will answer questions amongst us on […]
Read More »Section 179 Annual Warning
Is your accountant telling you that the upcoming end of the tax year (for calendar year filers) is time to buy equipment to save money? It’s not as cut and dried as that so, I again this year issue my annual warning about the downside of this practice. I say it’s time to REVIEW any […]
Read More »Prospering Video Available to All
Thanks to all those who attended my webinar, “Prospering: Putting the Business to Work for You and Your Family in 5 Basic Steps.” We have posted a 40 minute video on the topic which is available for your viewing at your leisure without cost or obligation. Click Here to View Prospering Webinar What’s Prospering about? […]
Read More »Five Steps to Prospering
Prospering’s essence means we have taken care of the simple problems and are prepared to take care of the complex problems as best we can. A successful company is one that can withstand adversity. We are strong, not weak. It doesn’t mean we won’t face adversity, only that we are better prepared to do so. […]
Read More »Where Does the Cash Go Answers
Thanks to those who attended my webinar on this topic last Friday. In essence the answer is that the Statement of Cash Flows tells us precisely where the cash goes and ties the Income Statement into the cash accounts. Several specific questions came up during and after the session so here are my answers to […]
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