Finding Hidden Cash in Tax Returns: A Goldmine for Advisors

Finding Hidden Cash in Tax Returns: A Goldmine for Advisors

Tax season isn’t just about compliance; it’s a strategic opportunity for accountants, bookkeepers, and financial advisors to uncover hidden cash in their clients’ businesses. Most business owners treat taxes as an annual hurdle, but as an advisor, you know that within those tax returns lie financial insights that can unlock profitability and improve cash flow.…

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Tax Season is Your Best Opportunity to Offer Advisory Services

Tax Season is Your Best Opportunity to Offer Advisory Services

Introduction: More Than Just Compliance For most business owners, tax season is about checking a box, filing the return, paying what’s owed, and moving on. But as a financial professional, you know tax season is more than just compliance. It’s your biggest opportunity to show clients their financial blind spots, unlock cash flow opportunities, and…

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Helping Clients Find Hidden Cash in Their Business

Helping Clients Find Hidden Cash in Their Business

Introduction: There’s More Cash in Your Clients’ Businesses Than They Think Most business owners think they have a revenue problem when, in reality, they have a cash flow problem. They’re so focused on bringing in more money that they overlook hidden cash already sitting inside their business. As an accountant, bookkeeper, or financial advisor, your…

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Advising on Debt: Balancing Risk and Opportunity for Clients

Advising on Debt: Balancing Risk and Opportunity for Clients

Introduction: The Fine Line Between Good Debt and Bad Debt For most business owners, debt is a four-letter word they’d rather not deal with. But as a trusted advisor, accountant, or financial consultant, you know that debt isn’t the enemy. Mismanaged debt is. When used correctly, debt can be a powerful tool to help a…

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Expense Control: Teaching Clients to Spend Smarter

Expense Control: Teach Clients to Spend Smarter | Cash Flow Mike

When business owners think about success, they often focus on increasing revenue. More sales, more clients, and more income are the name of the game, right? Wrong. The smartest business advisors and financial professionals know that how a business spends money is just as important as how much it makes. If your clients are leaking…

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Understanding The Dynamics Of Your Balance Sheet In Sales Forecasting

Guy looking through binoculars over a city, with text on the image asking Can You Forecast The Balance Sheet?

The financial health of any business hinges on its ability to effectively manage its assets and liabilities, which in turn are profoundly influenced by its sales performance. The relationship between the balance sheet and sales is a crucial element in financial forecasting, as it allows for the prediction of how the balance sheet will evolve…

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Cash Flow: The Anatomy of Your Business

Cash flow as lifeblood blog banner image

Cash Flow is the lifeblood and the anatomy of your business. It is imperative to maintain a healthy flow of cash in and out of your business. This is so that you are able to pay employees, suppliers, rent, taxes, and other operating costs on time. As a result of having cash on hand, you…

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Why Understanding Cash Flow Matters.

Why Cash Flow Matters

Welcome/Thanks for coming back to blog #4 in the series. What is a cash flow statement? Understanding Cash Flow: A cash flow statement is a regular financial statement telling you how much cash you have on hand for a specific period, where it has come from and where it has gone. I call a Cash…

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