New Tax Breaks Make Remodel Programs Easier to Swallow for Some Franchisees

New Tax Breaks Make Remodel Programs Easier to Swallow for Some Franchisees

One of the things that you need to be aware of when you first invest in a franchise is that you do have to follow the system and rules set in place by your franchisor. Unfortunately, this can sometimes cost you. For example, franchises may decide to undergo a brand upgrade, requiring their franchisees to remodel their place of business. A mandated remodeling program can be pricey, but fortunately, there are tax breaks available to so that you’ll take less of a hit.

Remodeling Program Tax Breaks

Over the past three years, the National Restaurant Association has negotiated with the IRS over a tax break to aid restaurant owners with remodeling work. It was only recently that they finalized the remodel safe harbor rule.

The remodel safe harbor rule allows franchisees to deduct a large percentage of certain remodeling costs in the first year instead of spreading them out over a larger period of time. This, in turn, allows the tax bill for restaurant operators and retailers to become much lower. This makes any franchisor mandated remodeling program a lot more attractive since it won’t end up costing an arm and a leg, yet they will still be able to take advantage of the location’s facelift.

There are a few other perks as well. For example, franchisees will no longer have to perform costly and complex cost segregation studies to determine what the benefits of a remodel might be. Of course, some may still choose to do this in an effort to maximize their return.

The IRS also made depreciation times shorter, from 39 years to 15 years in some cases. While these shorter depreciation times were a temporary feature in tax law over the past few years, it was only recently made permanent with the PATH (Protecting Americans from Tax Hikes) Act.

How the Tax Deduction Works

Say a franchisee has to do $10 million worth of remodeling across a handful of franchise locations that they own and operate. Before the new rule, they would only get a $660,000 reduction, resulting in tax savings of only $273,000 which would be spread across 15 years. Under the Remodel Safe Harbor Rule, they would get a 75 percent deduction (amounting to $750,000 in the case of this example) in the very first year, which would save millions off their tax bill.

Qualifying for the Remodel Safe Harbor Rule

First of all, everyone’s situation is different which is why careful consultation with a tax advisor is the safe way to go. Additionally, not everybody qualifies for the tax credit. Franchises have to be publicly traded or they have to have audited financial statements. A franchisor with only a few units may not find this to be worth the hassle.

It’s important that you speak with a professional accountant in order to determine whether you qualify for the Remodel Safe Harbor Rule and how much you would be able to save on your tax bill depending on the cost of your remodel. To speak to a professional business accountant today, be sure to contact us at Valezar & Associates.


The biggest mistakes people make when shopping for a franchise

The biggest mistakes people make when shopping for a franchise

Buying a franchise can be an excellent investment opportunity. Doing so will allow you to own and operate a business without a lot of the risk associated with startups due to the fact that you’ll have the support of an established brand. However, this doesn’t mean that franchises are a sure thing. In fact, there are a number of mistakes that investors often make when buying a franchise. The following are a few of the most common mistakes that you should avoid when shopping for a franchise:

1. Not caring about the product or service

You might be tempted to buy into a franchise that is growing rapidly and that has a proven track record. Who wouldn’t? But think about how you will feel selling the service or product that the franchise offers. If you can’t get behind the product or service that you’ll be offering, then you’re not going to get a lot of fulfillment out of running the franchise. You should invest in a franchise that won’t just be successful, but that will make you happy as well.

2. Buying a franchise that’s trendy

Just because a franchise is in the news due to a celebrity endorsement or because some new product or service has caught on with the public doesn’t mean that they are a good long-term investment. Don’t get caught up in the hype. Remember, franchises that explode over the course of a year due to a trend can result in a number of franchise failures because they stretched themselves too thin.

3. Not understanding your financial situation

Just because investing in a franchise isn’t as big of a financial risk as opening your own business doesn’t mean that there’s no financial risk involved. Take a very close look at your finances and at the costs of starting and operating the franchise. If you have major debts that you are still paying off and poor credit, then you should focus on getting rid of your debt and improving your credit before you think about investing in a franchise.

4. Not getting the full support of your family

Now only is buying a franchise a major financial decision, it’s going to require a lot of your attention to start and run effectively. You should expect to work more than the typical 40 hours a week in the first few years that you are running your new franchise – and your family needs to be okay with that or it could result in problems at home.

5. Not doing your due diligence

Do as much research as you can about the franchises you are looking at as well as their respective industries. Consider the history of the franchise, the support they provide, the cost of investing, the operation costs, whether there’s demand for the products or services in the area where you want to open your franchise and more. Be sure to speak with other franchise owners as well.

6. Not realizing that you won’t have a lot of leeway

Running a franchise is not like running your own company. While you’ll still be the boss, you’ll have to work within a system. There’s very little flexibility when it comes to how you operate your franchise and how you market it – and for good reason: most successful franchises are successful because they follow a tried and true business plan.

These are some of the biggest mistakes that investors often make buying a franchise. If you’re thinking about investing in a franchise and would like professional business financial advice, then be sure to contact us at Valezar & Associates today.


10 Things you should Know Before Starting a New Business

10 Things you should Know Before Starting a New Business

Starting a business is a dream that many Americans share. In fact, for many, owning and operating a business is the American dream come to fruition. However, thousands of small businesses fail within their first year almost every year. This is often because the owners simply weren’t ready or didn’t understand what would be involved in running a business. The following are ten things that you need to know before you start a new business:

  1. Sell something you believe in – Don’t just sell a product or service that you think can make money. You need to believe in what you sell. It’s going to become draining to run a business that you don’t enjoy or believe in.
  2. Have good credit – The stronger your personal credit history is, the more likely it is that you’ll be able to qualify for a small business loan with better terms, such as lower interest rates.
  3. Offer something that meets a need – A product or service that doesn’t meet the needs of your customers is going to end up being a failure. One of the biggest mistakes small business owners make is to focus on selling a product that may do really well in a different part of the country, but won’t do well where they are located. For example, opening a bait and tackle shop in the middle of the desert is not a great idea.
  4. Have a unique selling proposition – Even if you offer a product or service that meets a need, you need to be able to differentiate yourself from existing products and services offered by competitors. What makes what you have to offer unique? If you don’t know, neither will your customers – and they’ll go elsewhere.
  5. Have a business model – One of the reasons many small business owners fail is because they have an idea and manage to get the money and then dive in head first without a business model. A business model is necessary if you want to be successful. It outlines your goals, identifies revenue sources, identifies your customer base and more.
  6. Know how to avoid or manage debt – If you’re not good at handling finances, you’re going to find that running a business will be a huge challenge. You need to know how to avoid or manage debt so that your company doesn’t fall into a big financial hole.
  7. Maintain a personal life – While opening a business requires a lot of work at first, it’s important that you don’t overwork. Make sure you have some time to enjoy your personal life or you’ll get burned out quickly, which will eventually affect your ability to run your business.
  8. Seek guidance – If you’re a first-time business owner, you’re going to be in unfamiliar waters. Speak with other business owners in your area to develop relationships in which you can seek guidance when you need it.
  9. Educate yourself – Read up on running small businesses. The more you educate yourself, the better your chances are of avoiding common small business pitfalls.
  10. Larn to get organized – The more organized you are, the more efficiently and effectively you’ll be able to run your business.

These are ten things that you should know about owning and operating a business before you decide to start one yourself. If you make the decision to start your own small business, then be sure to contact us at Valezar & Associates for professional small business tax planning, accounting and bookkeeping advice.


Best Time Management Techniques for Business Owners

Best Time Management Techniques for Business Owners

One of the biggest challenges that face all business owners is the ability to manage time. There are only so many hours of the day, and for most business owners, it often won’t seem like enough. Learning how to manage the time you have is important not just for keeping on top of business matters and staying organized, but also to ensure that you have some time to spend on your personal life as well. The following are a few time management techniques that you should consider implementing as a business owner:

  • Begin logging the time you spend on tasks – Spend a whole day logging the time of everything you do. Do this for a couple of days. This will give you a good idea of not only how long certain tasks take (thereby making it easier to plan for those tasks in advance), but will also let you see where you are spending time inefficiently or are even wasting time. This can help you learn how to use your time more effectively.
  • Begin using the Pomodoro technique – This technique involves setting a timer for certain tasks and then taking a short break following the completion of that time. For example, if you have a stack of paperwork you have to go over, set the timer for 25 minutes. Work straight through, then once the time is up, take a five-minute break. Then repeat. These breaks help prevent you from getting burned out.
  • Delegate simple tasks – Don’t try to do everything yourself. Smaller, less important tasks should be delegated to others working for you. However, be careful not to abdicate your responsibilities. You should also make sure your employees can handle the tasks you give them.
  • Don’t get distracted by emails – Emails can become extremely distracting. Learn to check them in the beginning and end of your day, only spot checking at specific times to make sure you don’t receive anything extremely important or time sensitive. Set a specific time period aside per day, such as in the morning, to sort through everything.
  • Don’t take too many meetings – As the owner of a business, you may be tempted to hold daily meetings with various people working for you. However, many meetings end up being unnecessary and eat into everyone’s time. If a meeting isn’t extremely important, consider sending out a memo instead.
  • Stay organized – Trying to locate documents or missing out on meetings because you are disorganized can cause a huge waste of time. Learn to stay organized so that you can complete your tasks efficiently and on time without any delays. Consider writing up a checklist at the beginning of the day that outlines the tasks you need to get done from most important to least important.
  • Isolate yourself – One of the drawbacks of being the boss is that your employees will come to you for information, advice or for approval on even the smallest of tasks. If your office is away from everyone else and you’re less physically accessible, then your employees will be less likely to bother you unless it’s for a matter that’s actually important. If you work in the middle of all of your employees, they are likely to bother you all day long, making it difficult to get any work done yourself.

Consider using these tips to help manage your time more efficiently as a business owner. For additional business advice, or for information about our small business services (from bookkeeping to tax planning), be sure to contact us at Valezar & Associates today.


How to Build Your Small Business Credit Score / Dunn & Bradstreet

How to Build Your Small Business Credit Score / Dunn & Bradstreet

Although most entrepreneurs will use their personal credit in order to get their business off the ground, they’ll need to build up their small business credit score if they have any ambitions of growing and expanding their business. There are several different agencies that develop business credit scores for lenders to use in order to determine the risk involved in providing credit to small businesses – one of the major ones being Dunn & Bradstreet.

Small business credit scores differ a bit from personal credit scores, even when it comes to how scores are rated. Dunn & Bradstreet uses a 100-point rating system in which anything above an 80 is considered a good score. The following are some of the basic ways that you should use in order to build your small business credit score:

  • Always check for credit report errors – As you work on building your small business credit score, make sure that you obtain a copy of your credit report through Dunn & Bradstreet to check for errors. Errors can hurt your credit score and they occur more often than you might think. According to a study conducted in 2013 by the Wall Street Journal and Vistage International, almost 25 percent of all business owners discovered errors on their credit report. Should discover any errors, be sure to dispute them so that they can be removed.
  • Pay your suppliers – Make sure that you pay all of your suppliers on time and in full according to the terms they have set forth. The payment experiences that other businesses have with your company is considered one of the biggest factors of your small business credit score.
  • Make sure all vendor payments are reported – If you are paying large sums of money on time and in full to suppliers and lenders, then you’ll want to make sure that this is reflected on your small business credit report. Check over your credit report at least twice a year to make sure that these vendor payments are being reported. If it’s not, you should report this information yourself to help strengthen your small business credit profile.
  • Keep your personal credit in good shape – If you are a new business owner, then make sure you keep your personal finances in order. Your consumer credit profile may be used by prospective creditors if your business profile hasn’t been built up yet.
  • Keep your credit utilization ratio low – The higher your utilization rate is, the more of a risk you’ll be considered by lenders. You should aim to have a 30 percent utilization ratio or less. This shows lenders that you know how to manage your debts and that you’re not at risk of not being able to repay additional debts.
  • Increase your credit limit – Request a credit limit increase six months after opening up a credit account for your business. By getting a credit increase, you’ll lower your credit utilization ratio, which will boost your credit score and make it easier for you to obtain large loans that you may need in the future to further expand your business.

These are a few of the effective ways that you can build your small business credit score through Dunn & Bradstreet, thereby improving your company’s standing with lenders and increasing your chances of securing the loans you need to grow and expand your business.

For more financial advice concerning your small business, including professional bookkeeping or tax planning advice, be sure to contact us at Valezar & Associates today.


Things to know when applying for a Business Loan

Things to know when applying for a Business Loan

If you’re an entrepreneur looking to start your own business, then you will most likely need to apply for a business loan. Few people are financially capable of starting a company on their own. However, before you begin approaching various lenders about a potential business loan, there are a few things that you should know first. The following are five important things that you should know before applying for a business loan:

  1. You need a strong business plan – Lenders won’t approve a loan to anyone unless they can convince them that they will be able to make the money needed to pay back the loan. If you don’t have a business plan, then you’re going to have a hard time convincing lenders that you are serious or that you know what you are doing. A standard business plan should consist of a summary, a description of what your business will do, an analysis of your market and your competition, your expected expenses, your expected revenue and your strategy for growth.
  2. Your personal finances should be in order – A lender will factor in your personal financial situation into how much of a risk you are. If you have poor credit with a history of late or delinquent payments, then few lenders are going to feel comfortable approving you for a loan. However, a strong credit score and history will go a long way towards convincing lenders that you are financially responsible and that you’ll find a way to repay your business loan.
  3. You should have a strong resume – Your business plan may seem legitimate and you may have a strong credit history, but if you have no experience to speak of when it comes to the industry your business is a part of – or no experience with running or operating a business in general, then the lender will consider you more of a risk. Without any kind of a resume, there’s no proof that you’ll be able to handle the ownership and operation of a business, even with a strong business plan.
  4. You should figure out your collateral capacity – Even with a strong business plan, a strong resume and a strong credit history, there’s still a chance that your business could fail. To ensure that you will be able to pay back your loan even if this happens, a lender will want to know what collateral you can use in order to support your business loan. This includes assets, such as equipment and property.
  5. You should research your loan options – Don’t accept a business loan from a lender without going around and comparing different lenders. Every lender is different, which means that some loans may have higher interest rates than others. Some lenders will require a series of loan initiation fees up front as well. Read through the loan agreements to determine what the interest rates will be, how much the loan will cost you when all is said and done, and how much money you will be required to pay up front in order to obtain the loan. You may want to speak with other entrepreneurs as well to find out what banks and lending agencies they used and can recommend.

These are some of the important things that you should know about applying for a business loan. If you are starting a new business, then you may want to seek professional assistance with your bookkeeping and tax planning as well. Be sure to contact us at Valezar & Associates for more information about our small business accounting services today.


Advantages of setting up an HSA account

Advantages of setting up an HSA account

When it comes to group health plans, many small businesses choose HDHP (High Deductible Health Plans). In fact, according to Kaiser/HNET’s Employer Health Benefits Annual Survey, roughly 20 percent of all group sponsored health insurance plans in 2013 were HDHP plans. If you are considering an HDHP plan or already have one in place, then you may want to compliment it with a HSA (Health Savings Account) account as well.

Why is the HDHP Plan so Popular?

HDHP plans allow you to reduce the employee benefit costs because the premiums are lower and the deductible is higher. Basically, it means that the employee will be responsible for a greater part of an their total healthcare costs due to the higher deductible and out-of-pocket expenses. At first glance, this type of plan seems beneficial to employers but not at all to employees. It’s when the plan is complimented with an HSA account that it becomes a strong option for small businesses.

How Will an HSA Account Help?

The way an HSA account works is that it’s a type of savings account that belongs to the employee, not the employer. The employer, however, can make contributions to the HSA account on every payday. The money in this account can then be used towards paying the employee’s health insurance deductibles or other qualifying medical expenses that may not be covered, such as vision or dental care. The following are some of the advantages of an HSA account:

  • The HSA account won’t be taxed – An HSA account is similar to an IRA account. This is because the amount of money that goes into the HSA account of an employee will not be subject to federal taxes, social security taxes, medicare taxes or any other type of payroll taxes. Basically, it’s a way to turn taxable income into tax-free income.
  • The contributions are tax deductible – Any money that is contributed to the HSA account by the employer can be deducted on the tax return of the business for the year in which the contributions were made.
  • The balance will not go away – Because the HSA account belongs to the employee, they will not be punished if they leave your company, whether it’s because they are moving to a different place, getting a new job or retiring. The unused balance of their HSA account the day they leave will go to the employee. This means that employees can build a substantial amount of savings that can be used towards medical expenses once they retire.
  • There’s no minimum distribution – Unlike similar savings plans, like IRAs and 401(k)s, which require a minimum distribution once the employee reaches 70 and a half years of age, there is no minimum distribution requirement on HSA accounts. This allows the employee a lot of flexibility once they retire since they can access their HSA funds for qualified medical expenses whenever they actually need it without fear of triggering a federal income tax.
  • Employees can withdraw at any time – Employees can withdraw funds even if they aren’t used for qualified medical expenses. They will have to pay a federal income tax on these funds in this case. However, if the federal income tax has dropped and is lower than it was when the contributions were made, then withdrawing the funds at this time would still lower their overall federal tax burden. It’s a loophole that employees could take advantage of.

If you’re looking at small business health insurance plans, you may want to consider an HDHP plan grouped together with an HSA account. For additional accounting and tax advice, contact Valezar & Associates today.


Different types of retirement accounts and their benefits / deadlines for contributions

Different types of retirement accounts and their benefits / deadlines for contributions

As the owner of a small or mid-sized business, offering retirement plans for your employees is a good idea. Not only is it a way to build trust and loyalty among your employees, but it makes it easier to attract potential employees to your business. There are a number of different retirement accounts that you can choose, all with various benefits. The following are some of the retirement accounts that you should consider and what you should know about them:


A SEP IRA (Simplified Employee Pension Individual Retirement Account) lets employers contribute upwards of either 25 percent of the employee’s compensation or $54,000 to their retirement account. A SEP IRA is also 100 percent funded by the employer and the employee does not contribute to it.

Although the employer isn’t required to make a contribution to their employees’ SEP IRA every year, they are required to contribute the same percentage each year that they may contribute for themselves in any given year. These plans are easy for business owners to set up and provide a lot of flexibility.


A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is similar to a SEP IRA in that it’s designed for employers that have fewer than a hundred employees to set up an IRA for every one of their participating employees.

The main difference is that employees can make salary deferral contributions of upwards of 100 percent of their compensation as long as it doesn’t exceed $12,500. Additionally, as the employer, you must either match your employees’ contributions equally for upwards of three percent of their compensation or contribute at least two percent of the compensation of every employee that is eligible.

Traditional 401(k) Plan

The traditional 401(k) plan is the most common type of retirement plan. It lets employees contribute a part of their wages to their individual retirement accounts. As the employer, you can then make or match contributions. With a traditional 401(k) plan, you will be subject to annual qualifying tests by the IRS. You’ll also be able to reclaim any contributions you make if the employee leaves your company before a certain set time. All 2017 401(k) plans have $18,000 contribution limits, with $6,000 catch-up contributions for employees 50 and over.

Safe Harbor 401(k) Plan

A Safe Harbor 401(k) plan allows employees to contribute a part of their wages to their retirement account. As the employer, you have the option to make or match the contributions, but they will be vested as soon as they are made. These types of 401(k) plans are not subject to annual IRS tests and allow employees to take what’s in their 401(k) plan with them when they leave your company.

SIMPLE 401(k) Plan

The SIMPLE 401(k) plan is ideally suited for smaller companies and can only be implemented by businesses with less than a hundred employees. The main difference between the SIMPLE 401(k) and the Safe Harbor 401(k) is that employees are allowed to make Roth contributions with a SIMPLE 401(k) plan, whereas they are not allowed to do so with a Safe Harbor 401(k).

These are a few of the retirement accounts that you may want to consider for your employees. Choosing between the different plans requires you to take into account various factors, such as how many employees you have, if you want to maximize your contributions and if you want employees to be able to contribute, to name a few. For additional advice and information concerning retirement accounts for your small to mid-sized business, be sure to contact us at Valezar & Associates today.


Understanding your balance sheet statement

Understanding your balance sheet statement

Knowing how to read your company’s financial documents is important because it gives you a better understanding of the overall financial state of your business, thereby allowing you to make more informed decisions regarding your company’s finances. One such document is the balance sheet statement. Your balance sheet will show you what the financial health of your business is at a single point of time and is generally prepared at the end of the month or at the end of the quarter. The following is a breakdown of how to read the basic balance sheet statement:

The Assets

The assets listed on your balance sheet refer to anything of value that is controlled by your company – regardless of who actually owns it. Items that are considered assets include cash, office equipment, manufacturing equipment, inventory and even accounts receivables, which represent the customers who owe you money and who haven’t payed what they owe.

Because your assets cover items under your possession and not your ownership, it includes items that you may have financed and are still paying off, such as company vehicles. There are two types of assets that will be listed – current assets and long-term assets. Current assets refer to things like cash, inventory and accounts receivable, while long-term assets refer to equipment, property and investments.

The Liabilities

Your liabilities are the debts that your company has to other people or entities. This could include things like the balance on your company credit cards, the payment still owed to your suppliers on 30 or 60-day payment terms or loans that you took out on behalf of the company, such as a small business loan to start the company or the financing obtained for a company vehicle.

The Owner’s Equity

The owner’s equity, also referred to as the shareholder’s equity, refers to the assets that you, the owner and shareholder, would receive after deducting everything you owe. So basically, it would be the assets left over after you sold your company and paid off all of the company’s liabilities. This part of the balance sheet is commonly misunderstood as being how much the business is worth if it were to be sold. Keep in mind, the value of the business is generally greater than the owner’s equity value.

Additionally, you should keep in mind the legal structure of your company. If you have sole proprietorship of your business, then the owner’s equity is your own. This is a bit different if you have a partnership (and therefor, collective ownership rights) or a corporation.

The Equation

The reason that the balance sheet statement is called the balance sheet statement is because it’s split into two sections that sit side by side. The assets of the business are listed on one side, while the liabilities and the owner’s equity are listed on the other. The equation is that the assets should always total up to equal the total liabilities and the owner’s equity added together.

These are the basics of a balance sheet statement. By knowing how to read your company’s balance sheet statement, you’ll be able to get a better idea of your company’s current financial condition as well as its operational efficiency. Because these financial documents are typically reported every month or every quarter, you’ll also be able to get an idea of whether your company’s financial condition and operational efficiency are improving or declining by comparing current balance sheets to past balance sheets.

For more professional advice concerning your company’s finances or for information about our accounting and bookkeeping services, be sure to contact us at Valezar & Associates today.


Cash Flow Statements – what do they teach us?

Cash Flow Statements – what do they teach us?

When it comes to getting an accurate idea of your company’s financial performance and overall health, there are three main financial documents that you should look over. These documents include the balance sheet and income statement of your business, as well as the cash flow statement.

The cash flow statement provides detailed information regarding the inflow and outflow of cash into your business over a specific time period. Basically, it allows you to see how your company is spending its money and where that money is coming from. The cash flow statement is an effective resource for testing your company’s liquidity and determining its short-term viability because it shows the changes of your cash flow over time instead of a set dollar amount at a specific point in time. The following are some of the details that a cash flow statement will provide:

Operating Activities

Your operating activities represent the main source of your company’s cash generation. It’s probably the most important section of your cash flow statement. Basically, the operating activities section outlines how much cash is being generated by your company’s main products and/or services. If you have a strong, positive cash flow over time, it means that your company is in good financial condition.

Operating Activities displays two main numbers – the company’s net income and the net cash provided by operating activities. If the operating revenues and expenses of your business were all in cash, then these two figures will be the same. However, if this isn’t the case, then your net income figure will have to be adjusted based on an increase or decrease in cash, which is determined from the changes on your balance sheet.

Investing Activities

The investing activities section refers to any changes in assets, equipment or investments. Any cash changes that result from investing are typically referred to as “cash outflows” since cash is used to invest in short-term or long-term assets (such as buildings or equipment). If you divest an asset, then it’s referred to as a “cash inflow.” Cash outflows are generally a sign of good financial health since most successful or growing businesses continually invest in equipment, land and other long-term, fixed assets.

Financing Activities

The financing activities section of your cash flow statement refers to all changes in debt, long-term borrowings and loans or stock options. When capital is raised, it will be referred to as “cash-ins,” whereas if debt is reduced or dividends are paid, it will be referred to as “cash-outs.” This section gives you a good idea of how any borrowing that you have done affects the cash flow of your business.

The Bottom Line

The bottom line section is exactly what it sounds like. It’s either the net increase or decrease in cash and cash equivalents. The bottom line is determined through the calculation of total cash inflows and outflows of the operating activities, investing activities and financing activities.

Supplemental Information

This section includes the exchange of significant items that don’t involve cash, such as the exchange of company stock for company bonds.

These are just some of the things that a cash flow statement will tell you about the financial health of your company. Keep in mind that a cash flow statement reflects the liquidity of your business and not the profitability, which is something you can determine using your income statement. If you are in need of professional accounting and bookkeeping services, be sure to contact us at Valezar & Associates for more information today.

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