It’s time again for you to get your ‘financial house’ in order… that’s right, it’s coming up to the End of Financial Year.
So what do you need to do to make sure you don’t have to do a labour-intensive spring clean of your financial house in the lead up to the next fiscal year? In this blog, I provide a quick list of some of the things you can do to prepare for the year ahead.
It goes without saying that I am an advocate of tax planning. That’s because it helps you make informed decisions about your business and your own future. Start with:
- Estimating your 2016 tax
- Taking steps to legally reduce your tax
With 30 June almost upon us, you must act now to make tax planning work for you.
End of year housekeeping
Contact us at firstname.lastname@example.org to get a copy of a very useful checklist to you help get ready for End of Financial year.
Setting yourself up for the New Year
This is all about goal setting for you, your family and your business. If we don't set goals we wont have anything to realistically strive for. I advise that you:
- Take time to outline your personal goals (lifestyle, holidays etc)
- Set some high level goals for your business, for example how much cash do you want or need it to generate?
- What things do you need to change in your business to achieve this?
Get a business plan in place now!
I often talk of the need for a good business plan. It doesn't have to be hard work to create a one-page plan that you and your team can easily follow.
If you need a business plan, I recommend that you attend a Kickstart business planning session with GTC Financial. Contact us to find out all about the Kickstart Planning Sessions on 07 4972 5177