Taxes are stressful for everyone – especially the small business owner. There are so many pieces and so many things to keep track of. We get it – we’ve been there. Things stack up, and it all becomes even more overwhelming than it was originally.
You’re trying to organize receipts, enter in expenses (hopefully in the right place), and continue to run a restaurant or food business that takes more hours than you really have to give. No matter what time of year it is, you’re busy and overtaxed, but at the end of the year that becomes amplified.
As the year comes to an end, you’re trying to focus on a million things. Some of these may include:
- 2021 year end events for your business
- Keeping your business alive
- Growth
- Prep for 2022
- Tax preparation
That’s right. It’s year-end which means it’s time to start the year-end process and prepare to file your taxes. I know, this year has been crazy, but It’s already that time.
Your financial success for the coming year can be impacted by your year-end financial preparation.
If you aren’t organized and taking the proper care with your year-end financials, you are leaving money on the table for the coming year. This is why it’s important to ensure your year-end preparation is better than it’s ever been before.
Keeping your books up to date on a monthly basis, or even quarterly gives you peace of mind regarding the financial strength or weakness of your business. Getting your year-end books organized now will set you up for success to be able to stay on top of them in the coming year.
Take the stress out of year-end and make it valuable for your business by:
1. Catch-up your books!
It can be tough and feels overwhelming, but it’s time to catch up starting now! Take some time, organize your receipts and get everything entered so your books are up to date. Trying to do this in January will be a bigger nightmare than you think.
2. Clean up and organize your books now! Don’t wait!
Maybe your books are caught up, but they’re a mess and disorganized. Take the time now to get organized which will make everything so much easier moving forward.
3. Take the time to get it right!
Do your due diligence and do your taxes right. Make sure your expenses are categorized properly and that you are taking the right deductions. Do your research and make sure that it’s all done right. Doing so will allow you to have a real picture of where you can go in the coming year.
4. Partner with Clear Blue Books!
Getting prepared for the year-end is daunting. There is so much to do, especially if you aren’t keeping up on your information. Partnering with Clear Blue Bookkeeping Solutions will allow you the ability to focus and keep your attention on what you love – your business. Clear Blue Books, on the other hand, will focus on what will go into making sure your books are caught up, cleaned up, and done right.
Your CPA will charge a lot more than we do to clean up, organize, and maintain your books. We work alongside your CPA to provide them with the correct documentation, per their request, to complete your business tax return without breaking the bank!
Ensure your books are done the right way and don’t wait!
It’s vital. The government makes you do it, but more importantly, it is important to prepare properly for year-end so it can launch you into a more productive, more effective, and more profitable year to come.
Partnering with Clear Blue Bookkeeping Solutions will help you achieve all of these goals to set you off on the right foot in the coming year. We can ensure that your books are clean and ready to go when it’s time to file your taxes, but we can also help you ensure you have the right numbers to make decisions on where, and how, you can grow this next year.
Contact us today to discuss how Clear Blue Books can help you prepare for the year-end.
Clear Blue Books 