We are finishing our 3rd Quarter CY 2020. Too much cash ... Not enough cash. Sounds like a normal day. In reality, you should be addressing your income, costs, purchases, and cash on hand so that when 31 December comes (and it will come fast), you are in the right mindset with your financials for the proverbial tax collector.
Too much income but no cash. Too much cash and no income. Expenses, Expenses, Expenses and no cash. So many variables exist that no one can say "do this and it will reduce your taxes".
What can you do? Get an NDA with us - let us look at the books - and we can give you advise. Just simple advise. Take it - don't take it - that's your choice. However, we won't pull any punches and we will be listening to you - your wants - your needs - and we will just give you some simple black-and-white advice.
Interested? Give us a call.