Income Doesn't Equal Cash | The Critical Difference скачать в хорошем качестве

Income Doesn't Equal Cash | The Critical Difference

www.advantagethroughaccounting.com Most business owners think cash and income are the same thing. They’re not — and confusing the two is one of the fastest ways to misjudge taxes, profitability, and financial health. In this video, we break down: • The difference between income and cash • Why income creates tax liability (even if you don’t have the cash) • Why cash sits on the balance sheet — not the income statement • How timing differences distort what business owners “feel” vs. what’s actually happening • How this impacts planning, distributions, and reinvestment decisions If you’ve ever asked, “How did I owe taxes when I don’t have the money?” — this could be helpful. Understanding this distinction is foundational to real tax strategy and, most importantly, smart financial management. #BusinessFinance #TaxPlanning #SmallBusinessOwner #EntrepreneurFinance #AccountingBasics #CashFlow #Profitability #FinancialEducation #BalanceSheet #IncomeStatement #TaxStrategy #businessgrowthsolutions #taxes #taxprep #taxtips