With the prospect of rising tax rates, it is more important than ever that your company is running efficiently so you can maintain your same level of income. One of the ways to do this is to closely review your financial statements each month.
Every month your CPA send you financial statements for your business.
Do you look at them? Do you understand what you are looking at?
Financial statements are one of the most important tools for understanding the financial health of your business and are the basis upon which your tax returns are prepared.
During this webinar, Tom Gibson, CPA, reviews the three financial statements your CPA sends you each month and why they are important, including:
- Balance Sheets
- Statements of Income and Retained Earnings
- Statements of Cash Flow
- How the three financial statements relate to one another
- How the three financial statements ultimately relate to your tax return