Failure to properly plan cash flow is one of the leading causes for small business failures.
A large part of our practice focuses on helping small business owners save their companies from getting shut down by the IRS due to delinquent payroll taxes or neglecting to pay quarterly tax payments.
Our business clients work their fingers to the bone to provide great service/products. Unfortunately, poor cash planning landed them in a vulnerable financial position during difficult economic periods. As a strategy to stay afloat, these individuals resorted to funding their operation by using payroll tax withholdings or quarterly IRS reserves.
I think it’s fair to say that many small business owners lack an understanding of Continue reading Cashflow: Why Planning Can Save Your Business