10 Minute Business Tips · Episode 09
Kim Sones: Profit reports, reserves and tax planning
A busy diary does not tell you whether the business has enough cash. Nick Ruddle and Kim Sones discuss reviewing profit and loss, maintaining accurate bookkeeping, building reserves and preparing for tax liabilities. Listen for a practical introduction to financial discipline.
Listen to the episode
Dates and feed durations are supplied by Acast. The delivered audio can have a different length; the loaded player shows its current duration.
Press play to listen. Audio is not preloaded. The audio is hosted by Acast, which may process technical data such as your IP address when you load or play it. Read the Acast privacy policy or listen to this episode on Acast.
Watch the episode
Choose the video play control to connect to YouTube, which may use cookies or browser storage and receive technical information such as your IP address. This optional choice does not change your site analytics or marketing permission and is not remembered after you leave or reload this page.
Watch Kim Sones on YouTube (opens in a new tab). This opens YouTube in a new tab. You can always listen to the official audio above instead.
Themes to listen for
- Review profit reports regularly
- Distinguish profit from available cash
- Plan for reserves and tax obligations
Listen next
Episode 16 · 14:45
Richard Bickler on documentation, cash flow and boundaries
Episode 10 · 13:19
Paul Lynch on staff retention, culture and cash flow
Episode 24 · 19:48
Andy Stedman on marketing, numbers and repeatable systems