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September 14, 2023
Cash reserves refers to an amount of money on hand specifically intended to deal with emergencies.
These are typically short-term emergencies, but as the last few years have taught us, a few weeks doesn’t always pan out how we think. Another use for reserves is to forge the future of your business, including;
Expanding to new markets…
First off, this is a question we hear a lot. You’re making sales, customers are happy and your profit and loss statement (P&L) shows you’re making money. The thing is, your bank account...
Demand is creeping upwards, your customer base is expanding and you’re thinking about bringing on new employees. The question is, when’s the best time to do so? Should you anticipate demand and recruit...
Tax season can be a stressful and overwhelming time for many people. From gathering paperwork to navigating complex tax laws, the first couple of months of the year leaves a lot of individuals...
