Imperial Valley Business Services, LLC.

An emergency fund is a separate account or reserve of money that allows you to cover most small to medium-sized financial crises without dipping into your retirement plan or creating new debt. https://bit.ly/2Y9hHBe

The most important report for any business is the profit and loss statement, also called a P&L or income statement. Small business owners should look at this report at least monthly. You can see what’s working well and what isn't by looking at the trends over time.

Here is an example of how 3 businesses are navigating through Covid-19. https://bit.ly/2BE0Oar

The IRS conducts tax audits to minimize the tax gap, or the difference between what the IRS is owed and what they actually receive. Sometimes audits are random, but the IRS often selects taxpayers based on suspicious activity - here are 7 common reasons for an audit: https://bit.ly/2txneWX

Calculate your net worth (assets minus liabilities). You can use a spreadsheet or an app to get an overview of your current finances and get a clearer view of what you are doing well and areas that you could improve.