In this video we talk specifically about the impact of COVID-19 on government incentives that have been provided to help small business employers and employees.
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
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
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
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
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
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
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