Starting a Business

Brandon DavisBusiness, Taxes, Topic Videos

Starting a Business

Hi, Brandon Davis with Davis CPA Group. Today I want to talk about starting a business. So on my previous videos, I’ve discussed different entity choices and things of that nature, but today I’d like to dive into … because it seems like I’ve had a lot of meetings of late about what it takes to start a business, things … Read More

Obtaining a Bank Loan

Brandon DavisBusiness, Taxes, Topic Videos

Obtaining a Bank Loan

Hi, Brandon Davis with Davis CPA Group. Today I want to talk about obtaining a bank loan, particularly for a business or bank financing. So let’s talk about bank financing today. This is a topic that is going to be one that we’re going to probably do some videos off of this one because there’s a lot of information that … Read More

Do I Need to Report This Income?

Brandon DavisBusiness, Taxes, Topic Videos

Do I needf to report this income?

Hi, Brandon Davis with Davis CPA Group. The one thing that I get hit with sometimes when I talk to my clients or even out and about is, do I need to file a tax return? Or do I need to report this income from a business? And sometimes it’s a situation where is this really a business or is … Read More

Financial Statements, Part 3

Brandon DavisBusiness, Taxes, Topic Videos

The last statement that I’m going to show you or talk about, I’m probably just going to talk about maybe a little bit more of a higher level because there really is a lot of moving parts in that and that’s the statement of cash flows. The cash flow statement basically starts with your net income number. Say, okay, during … Read More

Financial Statements, Part 2

Brandon DavisBusiness, Taxes, Topic Videos

So the income statement is related to the balance sheet. And it’s … What I mean by that is the income statement is a period of time. The balance sheet, you recall, was a snapshot in time, so like one day. This reports … You could report one day, but generally there’s going to report a month, six months, a … Read More

Financial Statements, Part 1

Brandon DavisBusiness, Taxes, Topic Videos

Hi, Brandon Davis with Davis CPA group. Today I’m going to talk about financial statements. One of the things that as I work with my clients particularly at the business level that we have to go over on a regular basis is looking at the financial health of their business and we do that. We look at a couple of … Read More

EBITDA (earnings before interest, taxes, depreciation, and amortization)

Brandon DavisBusiness, Taxes, Topic Videos

  Hi. Brandon Davis with Davis CPA Group. Today I’m going to talk about EBITDA. You may be like, “What’s that? Is it a foreign language?” No, it’s actually an acronym, and it’s an acronym that stands for earnings before interest, taxes, depreciation, and amortization, and this is used by banks, and investors to look at the cashflows that are … Read More

Net Income

Brandon DavisTaxes, Topic Videos, Uncategorized

Hi, Brandon Davis with Davis CPA Group. Today I am going to talk about net income versus cash flow of a transaction and also of just business operations. You may be asking me, “Well, aren’t those the same thing?” Well, sort of. Here’s what we’ve got. So whenever a company is in business and we’re generating revenue, so let’s talk … Read More

Not necessarily a luxury: Outsourcing

Brandon DavisNews & Events, Taxes

outsourcing

For many years, owners of small and midsize businesses looked at outsourcing much like some homeowners viewed hiring a cleaning person. That is, they saw it as a luxury. But no more — in today’s increasingly specialized economy, outsourcing has become a common way to cut costs and obtain expert assistance.  It also allows your company to focus on its … Read More

The TCJA Temporarily Expands Bonus Depreciation

Brandon DavisNews & Events, Taxes

TCJA-expands-bonus-depreciation-01

There have been several stories in the media of late regarding the new tax law passed by Congress at the end of 2017.  Here are some provisions worth talking about for businesses.  The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. … Read More