Tuesday, February 3, 2009

Balance Sheet, Cash Flow Statement and Saving Tax

The balance sheet is one of the key financial statements of a company and is of particular interest to an existing or prospective shareholder of the company. Here’s an article from Rediff, which explains how to read a balance sheet.

Similar to balance sheet, cash flow statement is another key financial statement of a company and is a mandatory part of the company’s financial reports since 1987. It tells an investor how the company’s operations are running, where the money is coming from and how it is spent. This article describes what is a cash flow statement?

Two months from now, the financial year will come to and end and then starts the proceedings for filing tax returns. So, various ways for saving tax should be done in these two months. This ToI article, explains 10 smart ways to lower your tax bill.

5 comments:

Joseph said...

I agree. This is where all of the financial transactions are written. Every company have it. That's why it's very important.

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Financial advisor perth said...

Some would say, however, that one should be focused more on building wealth rather than saving on taxes. If you are saving taxes, make sure that you are saving today and paying a lower rate in the future.

Handt accountants mississauga said...

Yes Balance Sheet, Cash Flow Statement and Saving Tax are very important for each business.

mary brown said...

It tells an investor how the company’s operations are running, where the money is coming from and how it is spent.georgia pawn shops

PENNY STOCK INVESTMENTS said...

Excellent look at finance.