When you are in business you will find that the amount of profit you have made doesn't always agree to the cash balance in your bank account. Why? Should it not be the same? What is the reason for these discrepancies? How can you make it match?

In this video:
Why is profit and cash different?
An example of how cash and profits are different.

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DISCLAIMER: Please be advised that the content of my media is my personal opinion and is intended FOR GENERAL INFORMATION PURPOSES ONLY, not specific tax advice. Nothing herein shall be construed to be financial, legal or tax advice. The content of this video is solely the opinions of the speaker. Making decisions on your tax position and investment decision is your own and appropriate specific targeted advice from a qualified accountant or tax advisor should be sort. The speaker will not be held responsible for any losses or gains based on decisions made following watching this video. Always do your own research and seek advice from an appropriately qualified professional.

#property #propertytax #propertyinvestment #accountants #taxadvisor #Landlord #propertyinvestor #finance #BTL #HMO #allowableexpenses #shapcottsaccountants #believepropertyltd #profits #businessprofit '#cashaccounting

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