By January 9, 2023
Business takes your precious time and effort.
Wasting your resources on effort without a plan is a great way to tire yourself out and make little progress.
If you want success you have to prepare for it. And your success in your business depends on you having the right pieces in place ahead of time.
Here are a few of the key pieces to put in place if you aim to start 2023 off right.
Preparing Your Taxes
Taxes are painful. Especially if you miss important deadlines. For example, if you have W-2 employees you will need to get them their W-2s by the 31st of January. Missing that deadline may cost you in fines. All of the deadlines and details of your taxes are stressors.
I understand just how much taxes add stress to your business, but if you want to have a great year you need to make sure that your taxes are done and done right. And the easiest way to do that is to have a professional tax preparer help you.
Prepare A Budget
The least fun part of finances tends to be budgeting. But setting a budget is essential for keeping your business on track. It starts with understanding your projected income and your planned expenses.
That data comes from your past years income and expense data which your bookkeeper should have readily available. One of the services we provide as a bookkeeping agency is the application of your financial data to your business. If you don’t know what that would look like, we would be happy to answer any of your questions as you work with us to prepare your budget.
Set Financial Growth Goals
You will never reach the goals you don’t set. And when it comes to your money goals, you need to aim high to make anywhere close to what you really want. We help our clients by asking them key questions like these. How much money did you make last year? How much money do you want to pay yourself by the end of the year? How much does your business make per month?
By asking these questions, you can start to set goals that are bigger than you thought possible, but still attainable.
How to Get Started
If you don’t know where to begin on these steps, you don’t have to struggle through on your own. We offer the services you need to get your finances ready and the connections you need to other financial services to round out the solutions you need for your business.
We would love to speak with you about your business finances and how we can help you.
I hope you have great success in this coming year!