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Cash flow and tax tips with Josh Belk
Taxes and Cash Flow
Joshua Belk and his firm, Belk & Associates has been specializing in tax consultation, planning and preparation, business consultation and structure, and fractional CFO services since 1998. In addition to helping businesses and business owners reach their financial goals, Josh also helps to educate them in the complex matters of the business world which at times can be tedious for a business owner.
Are you focused on top line or bottom line? Income statement or the balance sheet?
Cash flow comes in big waves to investors and also goes out in huge waves with investors. What you keep and how much you pay in taxes has a big impact on your success. Listen into this discussion with Jim Ingersoll and Josh Belk for real estate cash flow and tax tips.
Monthly reviews and quarterly meetings with your CPA is so important so you understand the performance of your business. Real estate investors should understand the active income streams, passive income streams, how to read and income statement and balance sheet so they can properly plan for their taxes.
How to keep your funds properly separated when rehabbing houses is important so you do not run out of cash when investing. Josh provides an example on how to do that using silo accounts.
Check out Belk on Business Podcast: https://podcasts.apple.com/us/podcast/belk-on-business/id1456398152
Check out Belk & Associates website: http://belkassociatesllc.com
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