Скачать или смотреть You Didn’t Make Money… So Why Do You Owe Taxes?

A common mistake new business owners make is assuming taxes are based on how much cash they have in the bank.
They’re not.

Taxes are calculated on profit, not cash, and those two numbers often don’t match, especially if you financed your business with a loan.
Here’s what many people don’t realize:
• Loan principal payments are not deductible
• Depreciation, accruals, and timing differences can create taxable income
• Your P&L can show profit even when cash is declining

This disconnect is often called phantom income, and it’s one of the most common reasons new owners feel shocked when they owe taxes.

Understanding your balance sheet and cash flow statement is just as important as reading your P&L.

If you want help setting this up properly and avoiding costly surprises, reach out to us and we’ll walk through it together.