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Eve Altrov

Corporate business media and news feed

Understanding cash flow: a guide for smes

Cash flow refers to the movement of money in and out of a business. It is a crucial indicator of a company's financial health, reflecting its ability to generate cash to meet its obligations, reinvest in its operations, and provide returns to its owners. For SMEs, maintaining a positive cash flow is vital for sustaining operations and enabling growth. While profit is the financial gain after all expenses are deducted from revenue, cash flow focuses on the actual inflow and outflow of cash. A business can be profitable but still face cash flow issues if its income is tied up in receivables or

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How tax planning can save your business money

Tax planning is a critical component of financial management for businesses of all sizes. It involves analyzing a financial situation or plan to ensure that all
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Tax planning is a critical component of financial management for businesses of all sizes. It involves analyzing a financial situation or plan to ensure that all elements work together to allow you to pay the lowest taxes possible. For small to medium-sized business owners in Estonia and surrounding regions, effective tax planning can lead to significant cost savings and improved financial health. 2. Understanding the Basics of Tax Planning Tax planning is the process of organizing your business affairs in a way that postpones or reduces tax liabilities. It is essential because it helps

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