Hey y’all,
So we’re almost to the middle of October!! Where did the time go? We were just setting our 2023 goals, now we have to start thinking about our 2024 goals.
For some of us, doing a better job of managing our finances was one of our goals for 2023, however, it’s October and we still haven’t organized our January business expenses. Don’t worry, we’re here to help!
Here’s a few housekeeping items you should be working on as we prepare to close out the year
- Gather all your business related expenses/income and organize your paperwork to hand over to your tax professional/accountant
- Make sure any quarterly or annual tax filings were fulfilled (federal, state and local)
- Touch base with your tax professional or accountant to determine if there are any new requirements for the coming year
- If you don’t have a tax professional or accountant GET ONE!
- Look into any licenses or business subscriptions that need to be renewed
- Close out any outstanding receivable invoices (get payment from any outstanding clients/customers)
- Create a financial plan or budget for the coming year
- Define your business goals for the coming year
- Create processes for timely tracking of your business income/expenses
- Reflect on the current year and take time to celebrate all accomplishments
Life happens! So if you find yourself organizing your 2023 finances at the last minute, give yourself grace! The important thing is to get it done and then develop a more effective plan for moving forward.
If you need help setting up an effective plan, reach out for a consultation today!!!!!!
Until next time!
Rosemond Financial 