Farm Credit of Western New York: Notebook: Financial Tips



	A BALANCE SHEET is a statement of a business's financial position at a specific point in time. It provides a snapshot of what you own (assets) and what you owe (liabilities). When combined, these two items reveal your net worth—either positive or negative. In this case, the business has a net worth of $424,944.88.			Tax and Business Alert Credit - Loan or lease? Taxes - Records: What to keep ... - 2001 Tax Act - Prepare now for ... - Alternative Minimum Tax - Education tax credits - Sales tax exemption - NY - Energy tax credit - NY - Year-end tax planning Management - A closer look - Loan officer - Building a business plan - Bus. management advice - Communication quiz - How to be a better risk... - Saving costs on energy... - Who needs a consultant? Estate Planning and Retirement - Will you be "SHOCKED" ... - Avoid making these 7... - Do you need a will? - Estate planning tips - Knowing your net worth... Appraisal - Who needs an appraisal?
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