A cash flow dam is a tax saving strategy used by sole proprietors, in which they convert their personal income into business debt that is tax deductible. In a way, this strategy helps to convert bad debt into good debt, so that there is no tax liability incurred. It is also a variation of the… View Full Term
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In the hopes of helping business owners through these tough circumstances, we have built a weekly cash flow tool in Excel.
We've walked through the steps and thought process needed when using this tool here.
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