How to Manage Cash Flow Effectively in a Post-COVID World

by | Apr 28, 2020

Episode Summary: In this episode, Alex interviews Luke Frye from TimberTax.  Luke supports business owners who want to optimize their income tax situation by managing their cash flow effectively.

Resources/Links:

TimberTax 13-week Cash Flow Management Tool

 

Episode Highlights: 

 

TimberTax’s ideal client: TimberTax often works with marketing consultants, food bloggers,  architects, and online professionals.

Problem TimberTax helps solve: Luke helps business owners answer the question, “How much will I owe in taxes?”

Typical symptoms that clients have before reaching out to TimberTax: People who are worried about taxes or owing a huge amount in taxes would benefit from reaching out to TimberTax.

Common mistakes that folks make before finding TimberTax and his solution: Luke sees plenty of people who are not willing to invest in the solution.  Luke is a specialist in tax code and investing.  Investing in a qualified resource will yield a much higher return than DIY.

TimberTax’s Valuable Free Action: Make sure you have all of your estimated tax payments written down somewhere where you track important dates. Have a separate savings account for your income tax.  Set aside 30-40% of your net income monthly into this account.

TimberTax’s Valuable Free Resource: TimberTax offers a 13-week Cash Flow Management tool that can be done in excel or google sheets.  This can help tremendously in uncertain financial times. You can find the tool here at timbertax.co/cashflow.

Reserve Your Spot for Free Training THIS Thursday!

Let us walk you through a proven system to eliminate the hassle and risk of sales tax for your business.

👉 30 Minutes + Q&A (limit 7 attendees)

Disclaimer: Our attorney wanted you to know that no financial, tax, legal advice or opinion is given through this post. All information provided is general in nature and may not apply to your specific situation and is intended for informational and educational purposes only. Information is provided “as is” and without warranty.


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Free Resource:

3 Ways Sales Tax Companies Screw You (and how to avoid it)

 This is a great resource if you're considering hiring a sales tax company and don't want to get taken advantage of.  

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