The Profit and Loss Statement (P&L), is one of the first reports (and sometimes the only report) that a business owner looks at.

With the postponement of tax payment due dates, many were relieved in April. But, the time has come to pay up.

As you move forward from this challenging season, what should you as a business owner be doing?

When your accountant did your taxes, were you confused because your net income was good, but your cash balances were low?

Having a cash reserve makes a lot of business decisions easier and provides freedom to make choices.