Kirsha Campbell: The X, Y & Z of Tax Accounting in Today's Business World EP 17

Kirsha Campbell, CPA, CMA is known as the Cash Flow Maven! She knows how to integrate all the moving parts in your business to set up the right foundation to be recession-proof, operate with reduced financial risk, and increase cash flow. She knows how business owners have made innocent mistakes that lead to long-term consequences. She helps business owners overcome the stress and frustrations in running the back-end of their business. In our very informative discussion, we talked about:  ·        Understanding what cash flow really means. ·        Categorize spending correctly at the beginning, or face severe consequences. ·        Record transactions properly or incorrect transactions may lead to lifetime IRS consequences. ·        Choosing your own accounting software (not the franchisor’s). ·        Accounting add-on tools-cash flow forecasting, cash flow management, trends, analysis and KPIs. ·        Profits-percentage expectations. ·        Start tax planning early with a strategy. Kirsha couldn’t stress enough how important it is to set up foundations correctly in the initial business set up to avoid long-term problems. I hope you’ll take her invaluable advice. Please let me know your thoughts! Connect with Kirsha Campbell: Website: www.thecashlab.ca. Facebook:  https://www.facebook.com/kirsha.campbell Instagram: https://www.instagram.com/thecashlab/ LinkedIn: https://www.linkedin.com/in/kirsha-campbell-cpa-cma-cashflow-maven-on-demand-cfo-7a315792/?originalSubdomain=ca   Connect with Ricardo Matos Website:  https://srsfranchise.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices