The Post-Tax Blues: How to Accelerate Receivables
Well,the taxes are paid (hopefully) for the year, and you're almost a third of the way into the new year. How's your cash flow doing this year? If tax payments caught you short, you may be scrambling to build a cash reserve that protects your bottom line. There are many ways to do that, some less desirable - and possible - than others. Raise your prices. Apply for a loan. Freeze employee raises and minimize benefits (or, in the extreme, lay off a worker). Put off investments in new technology.