I was reading an article on cost savings for businesses and one idea struck me as odd if not obsolete. The item that they hyped was going paperless, stressing the cost of ink. I don’t believe that I have a client who still uses inkjet printers.
Laser jet printers have had built in cost savings for well over a dozen years now with costs slightly higher than inkjets a decade ago. Maybe the writer is playing with an ancient printer and is unaware that an upgrade would be a tax deductible business expense.
The article stressed the use of apps to assist in the goal of paperless, for to-do lists and calendars. Ten years ago I was arguing with an IRS agent that even then I no longer had a printed calendar that I was using only Outlook and the IRS rep was stating that the IRS would not accept an Outlook calendar. To this day I believe she was incorrect, like she was on my clients deductions that she tried to disallow.
The other items in the article were basic common sense, at least to me but then again I am always looking for new ways to save money.
But one point in the article that I can stand 100% behind is that cash-flow analysis is absolutely necessary.