Tax Tip of the Week - Profits versus cash flow . . .

 More than one profitable business has failed because cash flow didn't keep up. How can that be? Consider this. Your business is generating $100,000 a year in profits and that's growing at 20% per year. Perhaps accounts receivable are growing even faster and collection is slowing. Or, in order to manufacture your product you have to purchase expensive equipment. Your cash inflow may not be enough to support the cash outflow either to purchase the equipment, make the lease payments, or finance the growth in accounts receivable. In fact, the businesses with the biggest cash flow problems are often the ones growing the fastest. With few exceptions, you should be able to find a solution. But don't wait until your credit is cut off or you can't make the employment tax deposit to the IRS. Then it's much tougher to get out of trouble.


Clients

My clients consist of individuals and small businesses primarily on the South Shore of Boston, Massachusetts.  Current clients are located in various towns around the South Shore.  Some of theses towns are: Cohasset, Hingham, Hull, Marshfield, Pembroke, Quincy, Rockland, Scituate, and Weymouth.  In addition I have clients in the Cambridge area.

My business is dedicated to offering my clients the best in tax and accounting services.   I look forward to working with you.

I work with each of my clients to meet their accounting and tax needs as if they were my own.