A few weeks have passed since the New Year began.
This time of the year, individuals and businesses are stepping up with their plans that will make them or their companies more efficient.
However, for them to focus on their core business, accountants should be there to help bring balance to their life and help them achieve the quality of life they want.
According to recent studies, accounting firms continue to play a vital role in the success of individuals and businesses, especially with the disruption caused by the COVID-19 pandemic.
At Vision Consulting Group, we always aim to help you achieve your goals.
We not only remove and automate administrative tasks, we also help you run your business and life with more confidence and clarity.
As we emerge from the pandemic, we put greater emphasis on diversifying our offering beyond traditional accounting services as we prepare for increased activity in tax consulting and compliance, as well as property advisory and business consulting.
It’s important that we accountants don’t stand still. We believe that for success to happen, it should not be about setting and forgetting.
So this 2022, we commit to:
- Always be accessible – We will maintain a high level of service by providing a dedicated team of people who will know your affairs intimately.
- Guide and support – Tax laws are changing constantly. We will take the time to look into and keep up to date with those changes, so you won’t lose the benefits.
- Provide you with the very best people – The client manager allocated to you is suitably qualified and carefully trained and can assist you with most, if not all, accounting matters.
- Act on a timely manner – We will deliver in the agreed deadlines allowing you to receive the information as required.
- Help you with your financial and wealth creation goals – We will work beyond the boundaries of traditional accounting services by recognizing the importance of understanding you and your business.
You need a firm that is experienced, reliable, and ready to be there for you whenever a need arises.
Not to worry, we’ve got you covered!
New Year Accounting Resolutions for Your Business!
It’s that time of year when everyone seems to be making New Year’s resolutions. They often relate to exercise, diet, and self-improvement.
But what about your business? Take the time to reflect on 2021. Did your company grow? Were you able to track your income and expenditures? Was the amount of your expenditures troubling?
It’s now time to take the opportunity to review your business’ financial health and find ways that you can make improvements this 2022.
We have put together 5 key New Year Accounting resolutions for you to make your business better, more profitable and more rewarding.
1. Go Paperless by Using Cloud-Based Accounting
If you are using traditional methods of desktop accounting software or Excel spreadsheets, it may be time to consider upgrading to a cloud-based system?
Choose an accounting software that will provide all the basic functions you need. Two of the most popular on the market right now are MYOB and Xero. They streamline the process by providing data feeds from your bank, ability to capture your receipts, invoicing and payroll.
With a cloud-based system, your accounts can be accessed from anywhere, anytime, and your accountant has access to live data ensuring the numbers are always up to date.
This allows for smooth operations between yourself and your accountant, increasing efficiency and decreasing the chance of the paper trail getting lost throughout the year.
2. Get Good Advice from a Great Accountant
As a business owner, you’re responsible for ensuring your business taxes are filed properly. By seeking professional tax planning advice, you’ll feel confident your business is complying with federal and state tax regulations.
As tax professionals, we can advise you about deductions and credits your business might qualify for as we stay informed regularly about new tax laws and codes that may impact your business.
As well as that, it’s critical to review your business model when required. We can help you get on the right track by reviewing your books, providing tax planning advice, financial forecasting, and helping you with anything related to your business financial activities.
Taking the time to invest in your business with expertise will certainly help towards being the most profitable New Year’s resolution you ever made!
3. Plan for Major Expenses
Set aside money for major expenses like inventory, office supplies, repairs and maintenance. Throughout the year, unexpected expenses are likely inevitable too. By budgeting for your business in the coming years and preparing for unforeseen costs now, you can save a lot of worry about dealing with these expenses in the future.
4. Set Aside Money for Taxes
If you keep track of your financial records properly you can be prepared for year-end taxes. Setting aside a little bit of money each month towards paying your businesses taxes, you won’t have to cutback at the end of the year or get a loan to pay your taxes, you will already be prepared.
5. Keep Personal and Business Finances Separate
Never mix the two up, it will make your accounting much more difficult to handle. It’s a lot easier to keep accurate records if you’re only dealing with one type of account, so stay organized. You will save a lot of time by keeping these accounts separate as well.
If you are interested in finding out more on how to improve your business’ financial health for the year ahead, book an appointment with us through this link.
We want to feature You on our social media!
Social media is a powerful online marketing tool that has been proven to influence customers’ decision-making. We live in an Instagram scrolling and content-on-demand world. Because of that, the majority of promotions happen online.
As a token of gratitude for your trust during the past years, we want to feature you on our social media accounts.
All you need to do is:
Email us your featured image including a detailed description, hashtags, and a link to your original post.
This is a great way to advertise your goods or services and announce any promotions you have in your business.
Now, we believe we can cooperate for a mutual benefit here and ask that you do the same for us. 🙂
This technique is called “cross-promotion”.
According to research, 54% of companies mentioned that partnerships drive more than 20% of total company revenue.
By integrating cross-promotion with our online marketing channels, you’ll have the opportunity to advertise your products in front of new potential users without spending a big budget. It’s a dynamic approach that makes online marketing more efficient and productive in building your business.
What better way to strive for success but by supporting each other. 🙂