Monthly Archives: October 2011

Cash Flow vs. Profit

Ask a small business owner what is more important, cash flow or profit. In our experiences, most will answer profit. Many times we hear, “why am is my company struggling because I am showing a PROFIT”. Profit can be deceiving … Continue reading

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IRS issues guidance on bonus depreciation

Under the “Tax Relief Act of 2010,” you may be able to write off the entire cost of business property placed in service this year, thanks to 100% “bonus depreciation.” Prior to this law, a business was able to claim … Continue reading

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Why “Forward thinking…”?

As an CPA and small business owner I often get asked “What can you do to help me be more successful in the future?”. When thinking about this, I came to realize that the majority of accountants are historians. As … Continue reading

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