What is Cash Flow

Think of cash flow as the blood running through the arteries of your small business. You use it to do those important things that keeps everything moving like buying stock, covering expenses and paying staff.

Basically, this is one of the best bellwethers for your small business. It shows the money that your small business has in the pot after paying out all the different debts and draws on your money. Cash flow gives you a good idea if you’re in a position to expand.

Cash Flow or what is commonly referred to as Working Capital is the heart of any business.

Without it a business cannot survive.  Many small business owners make the mistake of spending without consideration for the future. For example, buying excess inventory that ties up cash in inventory versus having it readily available to meet short and long term obligations of the business.

Additionally, smaller businesses run the risk of losing employees, suppliers and facing interest and penalties as a result of poor cash management, so staying current on cash needs means balancing some of the other aspects of your business like tax payments, accounts receivable and inventory. That’s the best way to understand how much money you need in the system for each period.

Markets

Stocks slipped again with geopolitical tensions rising between the U.S. and China. Beijing responded to the U.S. shutting down the Chinese consulate in Houston by ordering the closure of the U.S. consulate in Chengdu, and jitters continued over the fallout from the coronavirus. Intel plunged after saying its development of a next-generation chip process would be delayed.

2020

President Trump canceled parts of the Republican National Convention taking place in Jacksonville, FL, next month. 

How to apply for new work from home job that’s in high demand

Working from home became the go-to mode of labor for much of the job market during the COVID-19 pandemic. But now, as the pandemic shifts in new directions, many are wondering whether this remote work trend is here to stay.

From what we can tell, signs point to yes. Not only does working from home give employers less overhead to worry about, but it also helps workers stay safe from potential exposure to the virus. 

Tap or click here to see how to get yourself started working from home.

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Ways restaurateurs are separating guests

Mannequins seated in alternate seats and outdoor dining greenhouses are among the imaginative ways restaurateurs are separating guests at a time of social distancing.

The use of mannequins and stuffed animals to ensure social distancing isn’t likely to become permanent, but has become a temporary fix for restaurants like The Inn at Little Washington—where mannequins donning 1940s garb occupy half the tables—and Maison Saigon in Bangkok, where stuffed pandas ensure people don’t sit too close together. And the plexiglass barriers some restaurants have installed between tables will likely disappear when COVID-19 is no longer deemed a threat.

The Truth About R&D

There are a growing number of US businesses that now qualify for research and development tax credits, but not many are taking advantage of it.

What makes your business eligible for these deductions? Any firm with QRE or Qualified Research Expenditures. 

Below is a list of some tasks that can be performed within an organization that would qualify for the R&D Tax Credit:

Manufacturing

Fabrication

Engineering

Software Development or Improvement

New Product & Process Development

Developing New Concepts or Technologies

Design - Layout, Schematics, AutoCAD

Prototyping or Modeling

Testing / Quality Assurance: ISA 900X, UL, Sigma Six, etc.

Integration of new machinery(CNC, SLA, SLE, etc) into existing process

Automating /Streamlining Internal Processes

Developing Tools, Molds, Dies

Developing or Applying for Patents

Many business owners (even smaller firms) are not aware that restrictions to qualifying for R&D are decreasing year after year. Technology has become part of every business (just the other day I discovered a small local feed store is changing ownership and the new owner will be buying new computers, creating inventory programs and selling online).

Do not visit this site unless you have a business in the US, or know someone who does. YourWotc.com

Does your US business use the internet, computers or tablets? If so, then you probably qualify for a R&D tax credit!

Find out now at:  www.BusinessRefund.com