Let me dispel a myth for you: Year-end isn’t the only time to think about your financial situation.
That fact is routinely mentioned when you are trying to figure out how to classify a transaction. You tell yourself, “This is a problem for the year-end, I don’t have time right now!”. Doing this, though, could be costing you THOUSANDS of dollars that you could be using NOW to live the life you’ve always dreamed of.
The truth is, people often toute that if you only have time to do one thing, make sure that you’re making money. The thought is, if you are making money, you can figure the rest out when you have time. They don’t think about the fact that, if you wait until after the end of the year, you might have missed out on a chance to:
Buy that new piece of equipment you’ve been needing
Miss an opportunity to give yourself a nice bonus that you didn’t know you could afford
Pay less in penalties and taxes because you are proactively looking ahead at what your estimated tax payments should be
If you look at your financial information throughout the year, chances are you are going to:
- Find money you didn’t know you had
- Reduce your tax bill next year
- Stress less about the almighty dollar
- Spend more time with your family
2020 is over, but that doesn’t mean you can’t still take steps now to make 2021 your most profitable and smooth year!
Not sure where you should start? Book a FREE 30-minute consultation call with us today and we can start walking you through some early steps.
Book here: http://https://calendly.com/bwaccountant/30-minute-discovery-call