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Underreporting taxes can derail business transactions, creating challenges for buyers and bankers alike. Financial discrepancies raise red flags, undermining trust and causing hesitation in proceeding with purchases. For bankers, unreliable financials complicate loan evaluations, leading to stricter scrutiny and potentially jeopardizing deals. Transparent and accurate financial reporting is essential. 👉 Click on the link to watch the full video. https://vist.ly/34xsx Trent Lee - First Choice Business Brokers - BUSB.0006978 - 702-941-0000 - Trent@fcbb.com #BusinessFinance #RiskManagement #Finances #BusinessValue #Revenue #sellingabusiness #business #entrepreneur #entrepreneurship #businessowner #trentlee #businessbroker

Did you know even successful entrepreneurs can miss personal finance basics? I recently learned a good friend (MBA and entrepreneur!) wasn't leveraging a High Yield Savings Account (HYSA). Traditional savings accounts offer minimal returns on your cash. HYSAs provide a much better return with virtually no risk and easy access to your money. It's a great way to make your savings work for you, especially in today's environment. What low-risk strategies do you use to grow your savings? #personalfinance #wealthbuilding #savingstips

As a #smallbusinessowner or #entrepreneur, we all know the complexities of juggling personal and business finances. Let's not forget the golden rule to keep them separate! Not only does it make tracking expenses and taxes a breeze, but it also protects your personal assets in case of any legal issues. Set yourself up for success by keeping separate bank accounts and budgets for your personal and business life! #taxorganization #smb #2024taxes #taxtiptuesday

Directors Beware: Bounce Back Loan Mistakes to Avoid Discover the hidden pitfalls directors face when using bounce back loans for salaries. Misclassifying dividends taken without profit could lead to serious financial consequences. Stay informed to protect your business from liquidation risks. #BounceBackLoans #BusinessFinance #DirectorDuties #LiquidationRisks #FinancialAdvice #Dividends #SmallBusinessTips #CompanyOwnership #Entrepreneurship #ProfitWarning

WARNING: The #1 Financial Mistake UK Directors Are Making (And How to Avoid It) Are you a UK company director? There’s one financial mistake that could cost you everything—an overdrawn directors' loan account. In this video, I break down why this common issue is a ticking time bomb for your business and how you can protect yourself. From S455 tax traps to the risk of personal bankruptcy, learn the strategies you need to avoid disaster. Don’t let this mistake ruin your company. Watch now and take control before it’s too late! Book now for a free business insolvency check https://lnkd.in/epnRrHjV Call 08000862766

As a business owner, who should you take advice from? Plenty of people will offer you advice. Anyone that frequents a pub will know there are any number of experts ranging from the three pint cardiologist to the wine guzzling tax guru. What about people that are recommended to you? I guess that depends on who is recommending them and why. ‘Reciprocity’ is a buzz word in financial circles. It fuels a circle of recommendations between corporate financiers, funders including banks and the insolvency industry. In short it may mean that someone is recommended to you because the person making the recommendation owes them a bit of business. #business #finance #banking #insolvency

It is definitely that time again to make sure you are being proactive this week when it comes to managing your receivables. Keep in mind that the 31st is on a Sunday this month, so any of those late month receivables coming due will likely roll into the next month meaning it'll show as a past due. Do what you can to try and secure those receivables by Friday of this week via ACH/Wire so you can lower past due where possible. That won't always happen, but I highly suggest asking your customers to pay by Friday. Stay active this week! #ReceivablesManagement #CashFlow #FinancialHealth #AccountsReceivable #BusinessTips #InvoiceManagement #PaymentTerms #ClientRelationships #Liquidity #BusinessSuccess #SmallBusinessFinance #Entrepreneurship #CashManagement #Accounting #BusinessGrowth #FinancialStrategy #CreditManagement #RevenueOptimization #CashFlowManagement #SustainableBusiness

"Companies House is implementing sweeping reforms that aim to clamp down on financial crime and improve corporate transparency. In this guide, we look at the initial changes which take effect on 4th March 2024 and how they impact limited companies and their owners." https://lnkd.in/ez_sBpDZ #SMEs #SMEowner #SMEcommunity #SMEbusiness #SmallBusiness #Entrepreneurship #BusinessOwners #StartupLife #SmallBizTips #BusinessDevelopment #SMBs #CFO #finance

The right advice from the WrightCFO team….

"Companies House is implementing sweeping reforms that aim to clamp down on financial crime and improve corporate transparency. In this guide, we look at the initial changes which take effect on 4th March 2024 and how they impact limited companies and their owners." https://lnkd.in/eTTXY8bQ #SMEs #SMEowner #SMEcommunity #SMEbusiness #SmallBusiness #Entrepreneurship #BusinessOwners #StartupLife #SmallBizTips #BusinessDevelopment #SMBs #CFO #finance