The Covid-19 crisis will undoubtedly cause small businesses to seek external funding in the United States. Whether through government grants, loans from traditional banking institutions or alternative funding sources, thousands of small... Continue
When it comes to business financial terminology, it's easy to confuse cash flow with profit. After all, both terms mean you're making money, so what exactly is profit vs cash... Continue
Every small business owner knows that cash is king. Keeping cash flowing is critical to the survival and eventual success of your business. So, yeah, cash flow—as documented in your cash flow statement—is very important for a... Continue
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
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
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
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
Having multiple streams of income means that a person is receiving income from several residual or passive income streams at once. Residual or passive income is income that a person earns without directly putting in work. This could be by... Continue
