California Taxes: 2023-24 Brackets & Rates

Corporations and LLCs that elect to be treated as corporations pay a flat 8.84% tax on net taxable income to the state of California. Businesses that don’t report a net taxable income have to pay an alternative minimum tax (AMT) of 6.65%. The Personal Exemption, which is supported by the California income tax, is an […]

What are Financing Activities?

Companies typically use a combination of debt and equity to fund their business and try to optimize their Weighted Average Cost of Capital (WACC) to be as low as possible. Whatever capital structure a company thinks is appropriate, the impact of the financing decisions will flow through the cash flow statement. When analyzing a company’s cash […]