Interview with Doug Stives
Doug and Jim continue their discussion of how to read and understand financial statements, and this visit is focused on the Operating Statement, with emphasis on the gross profit, the difference between margin and mark-up, and the relationship between gross profit and overhead expense.
Category: Finance, Accounting, and Taxes
More interviews with Doug Stives»See all
What is the most important financial document for a small business owner to manage? Doug Stives joins Jim Blasingame as they discuss the critical financial instruments you need, especially the single most important one. Doug also reveals some of the new tax advantages for small businesses.
What's the future of our tax system? Doug and Jim talk about the debate that's going to be conducted over the next year or two on tax issues. Doug also offers some year-end tax planning tips.
What is the Tax Gap, why is the IRS so upset about it, and why do they think small business is the answer to their problem? Doug talks with Jim about what the Tax Gap, how big it is, what is being proposed to fix it, and what small business owners need to know about this.
At a time when we're all focusing on getting our tax returns together and filed, Doug talks with Jim about why it may be a good idea to file extensions, plus other tax advice for last year's filings and to do planning for the current tax year.
It's always time for small businesses to be thinking about tax planning, and Doug joins Jim to provide some year-end tax planning advice, as well as some tax perspectives for next year.
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