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At EG Accountancy Services, we want to provide you with the professionally tailored financial services you need to run a successful business. Over the last few weeks, we’ve been working hard behind the scenes to streamline our website so that you can find exactly what you need when you need it. We hope you love it and look forward to working with you to achieve your 2022 business goals!
Financial Resolutions For A Successful 2022
The beginning of a new year is the perfect time to create financial resolutions that will not only help your business prosper but simplify your life in the process. When deciding on these resolutions, it’s important to consider those that are worthwhile, achievable, and aligned with your future financial goals. Keep reading for some ideas.
1. Review Your Business Plan, Targets & Budgets
A well-prepared business plan is crucial to your success, keeping you organised and on track while also serving as a valuable tool to showcase your organisation to potential investors.
The beginning of a new year is an excellent time to revisit and update your existing business plan using the latest financial data, goals, marketing ideas, strategies, and more so your business will continue to expand in 2022.
A good place to start is to review your business strategy, financial targets, and budgets. Doing so will help with the identification of any potential opportunities for growth as well as any potential issues.
2. Identify Key Tax Dates & Deadlines
With all of the work that comes with running your own business, it can be easy to forget about key tax dates.
Missing the deadline for filing your tax return or paying your tax bill late can result in a substantial penalty, fees, and interest charges on top of the tax you already owe. It goes without saying that this sort of financial pressure can be detrimental to both you and your business, so it’s worthwhile marking these dates on your calendar early in the year.
If you find keeping track of these deadlines overwhelming or are confused about what exactly you need to declare, feel free to reach out to us.
EG Accountancy Services has extensive experience dealing with tax-related matters, including Corporation Tax Return, Self Assessment Tax Return, VAT, and Payroll.
3. Consider Outsourcing
As a business owner, chances are you often find yourself responsible for managing every aspect of your business, especially in the beginning. Stepping away from this role and allowing someone else to take the lead can be particularly challenging, but it’s important to remember that your time as a business owner is valuable. Investing in help can take some of the pressure off you, and having extra skills on-demand is likely to increase your chances of business-related success.
Perhaps you find keeping on top of your financial accounts difficult, are uncertain about the trajectory of your marketing efforts, or are unsure about HR-related matters. In these cases, you could consider hiring an accountant like those found at EG Accountancy Services, a qualified marketing manager, or a HR professional. We work closely with a number of trusted professionals in these fields and would be more than happy to connect you with them. Just drop us a message, and we will get back to you.
When considering which tasks to outsource, think about those that you struggle with most as well as those that are particularly time-consuming and take it from there.
4. Automate Your Processes
We are surrounded by technology every day, but many business owners aren’t taking full advantage of its benefits. Automated processes such as those found in accounting software can both cut down on the chances of human error and free up you and your team’s schedules, allowing you to focus on driving sales and tackling important tasks.
At EG Accountancy Services, our services are tailored to your needs. Together we will work to navigate the complexities of your finances and help you achieve your New Year business goals, whatever they may be. If you have a query or just want to have a quick chat about how we can help your business, please free to reach out to us.