Wednesday, November 5, 2014

Quick Year End Planning Tips

As the year winds down, we have less than 60 days to go, it’s a good time to get your professional finances in order and plan for 2015. Does it look like you will have some extra cash on hand? Maybe it’s time to consider a little spending before the end of the year.

Or maybe you are like the bulk of my clients and you are staring at a stack of unpaid invoices from the past few months. Looking at those invoices, the extra cash in the business would make a difference come year-end, especially if you pay out year end bonuses to your employees. Or maybe you have a great idea for a holiday gift for your clients and professional contacts and the extra cash could add a little extra oomph to it.

So to help out, now is a good time to get back in touch with those people and companies that have open invoices and see if you can get them wrapped up before the end of the year. In the best-case scenario, your corporate coffers will be filled back up by Thanksgiving. In the worst-case scenario, you’ll have a list of folks who you may have to sue in 2015.

Either way, it’s best to get that year end planning done now so that you can look forward to starting 2015 on the best foot possible.

No comments:

Post a Comment