Beschreibung Navigating the Bottom Line: An Entrepreneur's Guide: Key Accounting and Tax Considerations to Increase Profits and Minimize Risk (English Edition). There's more to starting and running a business than jumping right in and providing a product or service. You have to set up your books, prepare financial statements, figure out sales tax and payroll tax (if applicable), and decide on a federal tax classification. But, that's not all. Once you set everything up you need to maintain the books, manage cash flow, analyze your financial information and file your taxes. Doing this right will set you up to maximize profits and minimize risk. This book is not only for the start-up, but also for the business owner who has been operating on a shoestring and is ready to take the business to the next level. It not only explains how and why you need a good bookkeeping system, but explains how to use the information to operate effectively. It explains cash flow and how to manage it. It explains the basic financial statements and how to read them. It also explains the factors to take into account when selecting a federal tax classification for your business, which refers to how you want to be taxed. This is all explained in plain English. What you don't know can hurt you. To start and run a successful business you need to understand basic accounting and tax concepts.
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Operating costs: Understanding and reducing them for your ~ Knowing how to measure operating costs is important because it allows you to improve your bottom line. If you’re a for-profit business, reducing operating costs will have a direct impact on your profitability. Operating cost ratios. Understanding your operating costs is significant because it allows you to derive many other relevant business figures and ratios. Below are the two most .
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