- How even is your cash flow over the course of the year? Can you make adjustments to your accounts receivable that would create more consistency? Or, can you tweak your accounts payable to ride the waves?
- If your cash flow is negative, how long can you sustain your current burn rate? Do you have a growth plan in place that fits that forecast? If not, it’s time to adjust.
- If your cash flow is positive, are you maximizing its potential? Keep a close eye on expenses to ensure they are contributing to your business.
- Does your current cash flow support your goals? What cash flow do you need to meet your budgeting, hiring and investing plans? Be sure to look at the short- and long-term.
- What does your advisor recommend? Including a regular review of your cash flow statement with your wealth and tax advisor can help you avoid having blind spots in your business.
Don’t miss out on opportunities. Set a regular appointment to review your cash flow statement today.
Boost cash flow by reducing taxes.
Are you looking for an advisor who can make a big impact on your wealth strategy? Schedule a call with the team at TFW Advisors® today! We’ll look at your most recent tax return and walk you through our proven tax reduction system.