ProForma Income Statement

6 (Legal) Ways to Fix Year End Financial Statements and Pay Less Tax

The sun has set on 2017 and your year-end financial statements look a bit gloomy. Maybe you are showing a bad loss – or maybe too much profit.

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You need financial statements that will impress your banker, let you pay less tax, and better position you for profits in the new year. But how?

Fortunately, accounting rules are flexible enough to help you out without getting you in hot water, In fact, there are plenty of ways you can change your financial reporting to produce ‘better looking’ – and truly more meaningful – financial statements without ever straying into legal, ethical or tax problems.

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