EBITDA is a common accounting term that is used with sophisticated small businesses, it stands for Earnings Before Interest, Taxes, Depreciation and Amortization. EBITDA is basically the actual cash flow profit of the business based on the actual expenses of the business. There are two categories of items in EBITDA, one category is Taxes, which covers three of the items, amortization, depreciation and taxes themselves.  Debt service expense is the other category, which covers the interest on … Read entire article »