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

IRA

Brandon DavisTopic Videos

  Hi, Brandon Davis, with Davis CPA Group. Today we’re going to talk about Individual Retirement Accounts or IRAs. I get a lot of questions about different types of IRAs, what makes sense from the standpoint of what the, a Roth versus a traditional, so we’re gonna jump in and talk about that. So when we talk about IRAs, again … Read More

Payroll

Brandon DavisTopic Videos

  Hi Guys, Brandon Davis with Davis CPA Group here with another video in regards to some things I get asked about a lot. Today we’re gonna talk a little bit about payroll and I’ve got some numbers already on the board here and we’re going to chat through what that means. A lot of times, when I work with … Read More

Rental Property

Brandon DavisTopic Videos

  Hi, Brandon Davis with Davis CPA Group. Today I want to talk a little bit about rental properties. A lot of times I get asked questions about different types of investments that one might want to get involved in. I’ve got clients that have good sources of income, and they invest in the stock market, they invest in real … Read More

Personal Financial Statements

Brandon DavisTopic Videos

  Brandon Davis, with Davis CPA group. Today, and we’ll talk a little bit about personal financial statements. I often times get asked to do with my business owner clients or my clients that have real estate withholdings and things of this nature. When it comes time to get bank financing, a lot of times the bank’s going to ask … Read More

Trusts

Brandon DavisBusiness, Topic Videos

Brandon Davis of Davis CPA Group in Joplin, MO, discusses trusts in terms of taxation, revocable trusts and irrevocable trusts. Hi, Brandon Davis again, with Davis CPA Group. I’m going to elaborate a little bit more on trusts, talking about the taxation of trusts, talking about revocable trusts, irrevocable trusts, and what that means. In the past, in a previous … Read More