Managing your business’s cash flow is one of, if not the, most important task you must do. This delicate balancing act can be difficult and stressful — you have to make certain you have the money needed to run your company, pay your vendors, and pay your employees, but you don’t always collect money from your customers right away. A good business owner will be able to prioritize what needs to be paid while holding out for income. If you’re uncertain if you’re managing your cash flow well, here are a few tips.
Author: Stephen Gethin, Director, Fortuna Legal
Large tax savings through “full-family” income splitting
Most people look at wills solely from the perspective of the benefits to their family after they leave this world. While that remains a vital consideration, there are also substantial benefits if you can arrange for those who wish to leave assets to you to do so in the most tax-effective way.