a trademark of Tony Novak CPA

Category: financial planning

  • Small business cash flow management for a recession

    Preparing for a recession means preparing for the unknown. That’s a tough thing to do! The best advice is to think conservatively and get a second opinion from a CPA with experience in recovery from recessions and other economic disasters.   One tool is to use existing accounting data, supplemented with new information, to create a visual cash flow forecast. After we see a timeline picture like this, it is easier to add the additional protections to ensure adequate cash under a possible downturn in the economy.   Should we be looking at this type of cash flow information for

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