Finance Related Articles


How to Prepare a Cash Flow Statement

Kelly Spors
A cash flow statement breaks down the various types of inflows and outflows of cash (and cash equivalents) that a business experiences. It can help you and other stakeholders clearly see how your business earns or spends cash, and it can... Continue

The Passive Income Myth

Gene Marks
Let’s debunk the passive income myth outright: truly passive income doesn’t exist. Passive income is a term that is loosely thrown around to define a revenue stream that takes little to no effort to manage. Many people agree that... Continue

What Are the Different Types of Cash Flows?

Kelly Spors
Cash flow is the money that streams in and out of your small business—and it's a key indicator of your company's overall financial health. The term cash flow is used to describe the amount of cash that is generated or spent within a... Continue

How is Passive Income Taxed?

Mike Kelly
Yes, residual income is usually taxable. So long as you are making enough money from any source, you will most likely need to pay taxes on it. The only income you typically don't have to pay taxes on is income below a certain yearly... Continue