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Episode 97: Understanding a Profit Loss Statement
Season 4 · Episode 97

Episode 97: Understanding a Profit Loss Statement

Accounting and Accountability

August 9, 202432m 4s

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Show Notes

In this episode:

  • Republican lawmakers propose a $2B cut to IRS funds.
  • Be aware that there is a fake "Self Employment Tax Credit" that is being pushed by scammers.
  • The IRS compliance program faces potential cuts.
  • An IRA inherited by a non-spouse may need to be withdrawn before 10 years.
  • A deep-dive into understanding business financials.