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BCM
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Posted: 12/29/2023 10:52:16 AM EDT
Pay every single bill you can!


I hate paying bills early because it makes cash flow look bad, but I like being able to pay bills early.  And showing it as an expense this year is certainly going to help when filing taxes.  We've been fortunate to have a profitable year, and I've paid quarterly estimates, but I don't look forward to giving the Department of Treasury more money.  I am not of the mindset to buy unnecessary equipment just for the write-off, as equipment doesn't pay bills if it's sitting unused.  Cash in the bank earns me 4.17% right now, as well as a 2-3% discount at my vendors for being able to pay early.  

These business tips brought to you by a boomer trapped in a Gen-X body.
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