Picture1Holiday cheer is all around us and when that happens it’s easy to forget that the end of the year is fast approaching! What does that mean? Well, to me and my virtual accounting firm it means we will be busy helping our clients with end of year financials and helping them be set up for their 2014 recording keeping.

Here are my tips for planning for the end of the year for your business:

  • Do a deep clean of your office. Gather up the records and business papers for 2013 and prepare to store them once your income taxes are filed. Start the new year with clean file drawers and a clean desk.
  • Shop now for new office equipment you might need. There are deep discounts right now and you may also be able to use the purchase as a tax write-off.
  • Review any service contracts you may have with your client. Determine if they need to be re-vamped or if your prices need to be increased to help you better compete in the market.

In addition to your end of the year planning why not plan for 2014 as well? Here are a few things to add to your to-dos:

  • Seek out continuing education or certifications in your field. These may help you stand out from the competition.
  • If you’re going to start a new business in the new year, the time is now to lay the groundwork for that endeavor.
  • Take time to lay out your hopes, dreams, goals and plans for the upcoming year.

Make 2014 the best ever!

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