As the economic picture for 2023 gets murky, tax directors can help their organizations by exploring these three potential sources of cash flow.
As some economic indicators start trending in a recessionary direction, more businesses are preparing for a volatile market in 2023. That means they’ll be on the lookout for strategies to improve cash flow and reduce expenses to help weather possible turbulence ahead.
This shift could present an opportunity for many tax directors. There might be multiple ways for their organizations to improve cash flow, including taking advantage of tax credits, avoiding overpayment, and other methods.
Here are three tax areas for businesses to consider as possible sources of cash flow.