Kostecke CPA

All posts tagged cash flow

Tax Liability - Avoid Federal Tax PenalitiesTis the season for 2015 tax estimates and figuring out how much this year’s quarterly payments need to be. When you’re self-employed, or you get a significant amount of income from investments, it can be difficult to figure out the right amount to pay in. Who knows what lies ahead for your business, your investments, and the Read more


Business PlanningI have read posts by really smart people that are pretty negative on budgets. Why? Usually for two reasons: 1) Businesses spend too much time developing their budgets and analyzing variances between actual results and the budget, time that would be better spent on actions that will help the business going forward, and 2) Budgets are quickly  Read more


Manage inventory

You Have Inventory If…

If your business makes physical things, or sells physical things, or both, you have inventory. Your inventory enables you to meet customer demand. If you do not have an item in stock, you may lose a sale, and maybe a customer as well. If you employ people full-time to help you Read more


Your business planThe business plan should not be primarily for outsiders, such as the bank or the investor group. However, that is often why they are generated. It should be a tool you actually use for running your business.

For a business plan to be useful, it needs to be incorporated into your Read more