--- title: "Business Resource: 30+ Ways to Save Money, Improve Cash Flow, & Reduce Taxes" description: Improve your cash flow, control your operations, and reduce your taxes. With these 30 tips, you'll have the beginnings of a custom-designed small business accounting process. image: https://ebrandme.biz/hubfs/30%20Ways%20to%20Save%20Money%2c%20Improve%20Cash%20Flow%2c%20%26%20Reduce%20Taxes%20by%20eBrand%20Me.jpg --- [Skip to content](https://ebrandme.biz/blog/30-ways-to-save-money-reduce-taxes#main-content) # eBrand Me - [Home](https://ebrandme.biz) - [About](https://ebrandme.biz/about) - [Services](https://ebrandme.biz/services) - [Digital Marketing Consulting](https://ebrandme.biz/digital-marketing-consulting) - [Business Directory Listing](https://ebrandme.biz/business-directory-listing) - [Search Engine Optimization](https://ebrandme.biz/search-engine-optimization) - [Content Marketing](https://ebrandme.biz/content-marketing) - [Lead Generation](https://ebrandme.biz/lead-generation) - [Website Design](https://ebrandme.biz/website-design) - [Blog](https://ebrandme.biz/blog) - [Contact](https://ebrandme.biz/contact) - [Schedule a free consultation](https://ebrandme.biz/meetings/ljean-louis) ![30 Ways to Save Money, Improve Cash Flow, & Reduce Taxes](https://ebrandme.biz/hubfs/30%20Ways%20to%20Save%20Money%2c%20Improve%20Cash%20Flow%2c%20%26%20Reduce%20Taxes%20by%20eBrand%20Me.jpg) # Business Resource: 30+ Ways to Save Money, Improve Cash Flow, & Reduce Taxes ![Lawrence Jean-Louis](https://ebrandme.biz/hubfs/Lawrence_Jean-Louis.jpg) [Lawrence Jean-Louis December 8, 2023](https://ebrandme.biz/blog/author/lawrence-jean-louis) - [Resources](https://ebrandme.biz/blog/tag/resources) - 3 mins In today’s competitive environment, information is power. With these 30 tips, you'll have the beginnings of a custom-designed small business accounting process. 1. Send out customer statements on time so you can get paid 2. File all customer invoices so that nothing gets lost 3. Track late payments in order to resolve these problems quickly 4. Ensure that you stop serving customers who aren’t paying their bills 5. Safeguard good customer relations by properly recording all payments 6. Accurately calculate interest, and collect it from overdue accounts 7. Reduce the need to borrow money due to poor cash flow 8. Ensure that you don’t lose sales because items are out-of-stock 9. Avoid rush delivery charges to obtain out-of-stock items 10. Stop wasting money buying more of what isn’t selling 11. Set your sales prices based on profit instead of conjecture 12. Concentrate on selling the most profitable items instead of the easiest ones 13. Identify profitable cross-selling opportunities 14. Avoid selling products at a loss because you don’t take markdowns on time 15. Know which money-making product lines to expand, and which ones to drop because they’re money-losers 16. Discover theft before it becomes a problem 17. Never pay a bill twice by mistake 18. Never lose a discount by paying a vendor late 19. Reduce the need to borrow by planning for your payment due dates 20. Maintain your good credit rating and keep your borrowing costs low 21. Obtain better credit terms based on your good payment history 22. Know how much payroll and sales taxes you owe, in order to avoid penalties and interest 23. Never write a bad check 24. Never pay another bad check service charge 25. Make sure all your cash receipts are credited to your account 26. Know when you have excess cash so that you can put it to work 27. Track your expenses in detail so you know which ones can be reduced 28. Never spend beyond your budget 29. Get the maximum tax deductions for the expenses of running your business 30. Learn how much profit you’ve made, and what your business is worth each month in order to: - Know when it’s the right time to grow - Know when it’s the right time to hold back - Plan accurately for taxes - Save hundreds to thousands of dollars on your year-end tax return - Comply with the reporting requirements of any business loan - Respond immediately to any supplier’s or customer’s request for financial information 31. Figure your profit on a cash or accrual basis so you pay the lowest taxes 32. Track revenues and costs by job or project (contractors, landlords, attorneys, etc.) in order to: - Know on an ongoing basis which products are profitable and which ones aren’t - Get paid on time as you complete the job - Avoid working on projects where progress payments are behind 33. If you manufacture or assemble products (machine shops, bakeries, clothing manufacturers, etc.): - Know what it costs to make each item - Set a selling price to cover your costs and achieve a fair profit - Know what product lines to expand because they’re profitable - Know what product lines to drop because they’re money-losers --- Ready to invest in digital marketing for your business? [Let's work together](https://meetings.hubspot.com/ljean-louis) to create a plan designed around optimizing your business directory listings, while incorporating search engine optimization (SEO), content marketing, search engine marketing, lead generation and website design to ensure that your accounting practice is optimized to help you reach your goals. ![Lawrence Jean-Louis](https://ebrandme.biz/hubfs/Lawrence_Jean-Louis.jpg) ### Lawrence Jean-Louis [mailto:ebrandmeseo@gmail.com](mailto:ebrandmeseo@gmail.com) ## Latest posts - [ALL POSTS](https://ebrandme.biz/blog/all) [![Ancient Egyptian Pottery & Stoneware: Function Meets Form](https://ebrandme.biz/hubfs/Ancient%20Egyptian%20Pottery%20%26%20Stoneware%20Function%20Meets%20Form.jpg)](https://ebrandme.biz/blog/ancient-egyptian-pottery-stoneware-function-meets-form) [Economies](https://ebrandme.biz/blog/tag/economies) [Trade](https://ebrandme.biz/blog/tag/trade) Dec 10, 2024 8:00:00 AM ### [Ancient Egyptian Pottery & Stoneware: Function Meets Form](https://ebrandme.biz/blog/ancient-egyptian-pottery-stoneware-function-meets-form) [![Ancient Egyptian Jewelry: Adornment & the Afterlife](https://ebrandme.biz/hubfs/king-tut-mask.jpg)](https://ebrandme.biz/blog/ancient-egyptian-jewelry-adornment-the-afterlif) [Economies](https://ebrandme.biz/blog/tag/economies) [Trade](https://ebrandme.biz/blog/tag/trade) Dec 3, 2024 8:00:00 AM ### [Ancient Egyptian Jewelry: Adornment & the Afterlife](https://ebrandme.biz/blog/ancient-egyptian-jewelry-adornment-the-afterlif) # eBrand Me eBrand Me is a digital marketing agency offering Marketing & Consultative Services to CPAs and tax professionals. © 2026 eBrand Me - [Home](https://ebrandme.biz) - [About](https://ebrandme.biz/about) - [Services](https://ebrandme.biz/services) - [Contact](https://ebrandme.biz/contact) --- - Terms and Services - Privacy Policy [Follow us on LinkedIn](https://www.linkedin.com/company/ebrandme/) [Follow us on Twitter](https://www.twitter.com/ebrandmeseo) [Follow us on Facebook](https://www.instagram.com/ebrandme/) [Follow us on Facebook](https://www.facebook.com/ebrandme) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Lawrence Jean-Louis", "url" : "https://ebrandme.biz/blog/author/lawrence-jean-louis" }, "dateModified" : "2024-02-20T14:37:07.105Z", "datePublished" : "2023-12-08T19:38:03.000Z", "headline" : "Business Resource: 30+ Ways to Save Money, Improve Cash Flow, & Reduce Taxes", "image" : [ "https://ebrandme.biz/hubfs/30%20Ways%20to%20Save%20Money%2c%20Improve%20Cash%20Flow%2c%20&%20Reduce%20Taxes%20by%20eBrand%20Me.jpg" ], "mainEntityOfPage" : { "@id" : "https://ebrandme.biz/blog/30-ways-to-save-money-reduce-taxes", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://ebrandme.biz/hubfs/eBrand%20Me%20Logo-3.png" }, "name" : "eBrand Me" } } ```