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If you are able to generate a flow of income and understand what expenses are needed for your business, how do you build reserves for future years from an accounting perspective? I assume this question needs context and it may depend on the business long term strategy and there maybe a need to shift mindsets but the hardest thing is building enough money to continue to pay staff with the idea of income tax being applied when your too small to have money flow out.
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in: Funding & Finance
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- 6 months, 1 week ago
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If you are able to generate a flow of income and understand what expenses are needed for your business, how do you build reserves for future years from an accounting perspective? I assume this question needs context and it may depend on the business long term strategy and there maybe a need to shift mindsets but the hardest thing is building enough money to continue to pay staff with the idea of income tax being applied when your too small to have money flow out.
Viewing topic 1 (of 1 total)