26 min
A YNAB Success Story (and Taxes) Beginning Balance
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- Entrepreneurship
Jesse shares a recent situation that would have sent shivers through most owners. Following a revision in the tax code regarding software R&D costs, YNAB discovered it would be facing down a huge tax bill, over triple what they anticipated for the year. While this might bankrupt some companies, Jesse and the executive team were able to take the news calmly, and use the company's cash reserves to easily handle the tax bill.
It's a triumph of cash over the unexpected, and a YNAB success story!
Mark Butler, Virtual CFO
The Money School: https://moneyschool.works
https://markbutler.com
https://letsdothebooks.com
YNAB
https://www.youneedabudget.com
Jesse shares a recent situation that would have sent shivers through most owners. Following a revision in the tax code regarding software R&D costs, YNAB discovered it would be facing down a huge tax bill, over triple what they anticipated for the year. While this might bankrupt some companies, Jesse and the executive team were able to take the news calmly, and use the company's cash reserves to easily handle the tax bill.
It's a triumph of cash over the unexpected, and a YNAB success story!
Mark Butler, Virtual CFO
The Money School: https://moneyschool.works
https://markbutler.com
https://letsdothebooks.com
YNAB
https://www.youneedabudget.com
26 min