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You are here: Home > Business > Small Business > Cleanup and Planning: Year-End Checklist for the Self-Employed |
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Other Added - Cleanup and Planning: Year-End Checklist for the Self-Employed
Public Relations for Space Tourists ally expenses by vendor and prepare 1099’s if neededThe World we living is changing rapidly and soon as capital pours into the Space Tourism Markets we will see more advances in space flight and soon more exploration and the start of the commercialization of space. In fact in the future we w • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to Build & Protect Your Confidence At the end of the year, it’s important to both close-out the old year properly as well as plan for the new year. I recommend you start this process in early December so that there isn’t a last-minute rush to complete your year-end closing tasks. Even better, do this quarterly so that you remain caught-up with the tasks. Here are some ideas that you might want to add to your checklist:I can remember the first time that I had to get new customers from a cold start. I was a sales rep at IBM. I had only been selling for a short while since graduating from college, and I didn't really know what to do. When I started Cleanup and Closing Tasks • Enter all revenue and expenses into your recordkeeping system. • Send final invoices for current year. • Reconcile your bank account records with bank statements. • Estimate your last tax payment for the current year (many self-employed people make quarterly estimated tax payments…the final payment is usually due on January 15) • Mail holiday cards and gifts to clients/customers • Make holiday offers to clients/customers • Clean out old files/emails • Create year-end accounting reports and compare to goals for year • Tally business-related mileage for year • Tally expenses by vendor and prepare 1099’s if needed • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to Envelope Stuffing this quarterly so that you remain caught-up with the tasks. Here are some ideas that you might want to add to your checklist:Envelope stuffers simply insert contents into envelopes and sometimes address the envelope. Before envelop-stuffing machines were invented, people were employed especially to do this task in bulk quantities. The envelopes had to be stamped, Cleanup and Closing Tasks • Enter all revenue and expenses into your recordkeeping system. • Send final invoices for current year. • Reconcile your bank account records with bank statements. • Estimate your last tax payment for the current year (many self-employed people make quarterly estimated tax payments…the final payment is usually due on January 15) • Mail holiday cards and gifts to clients/customers • Make holiday offers to clients/customers • Clean out old files/emails • Create year-end accounting reports and compare to goals for year • Tally business-related mileage for year • Tally expenses by vendor and prepare 1099’s if needed • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to Reaching Your Ideal Market for current year.Many people do not realize their own market. Most people think when they open a store that they will sell to someone like themselves. With this mentality, their customers will be just like them because their marketing is targeted to what th • Reconcile your bank account records with bank statements. • Estimate your last tax payment for the current year (many self-employed people make quarterly estimated tax payments…the final payment is usually due on January 15) • Mail holiday cards and gifts to clients/customers • Make holiday offers to clients/customers • Clean out old files/emails • Create year-end accounting reports and compare to goals for year • Tally business-related mileage for year • Tally expenses by vendor and prepare 1099’s if needed • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to Which Search Engines WORK BEST? - A Pay Per Click Study Mail holiday cards and gifts to clients/customersLet’s face it, most people don’t track their advertising at all and therefore don’t know where their leads or sales are coming from. I’ve talked with dozens of business owners about which online advertising vehicles work best for them. Wh • Make holiday offers to clients/customers • Clean out old files/emails • Create year-end accounting reports and compare to goals for year • Tally business-related mileage for year • Tally expenses by vendor and prepare 1099’s if needed • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to Attracting Visitors to Your Trade Show Booth ally expenses by vendor and prepare 1099’s if neededAfter you determine that you will be exhibiting at a show; get your killer display; scheduled and train staff; and have everything set up on the show floor…now comes the hard part…getting people to visit your booth! There seems to be a neve • Contact your accountant and discuss year-end tax planning Planning Tasks for the New Year • Write a list of goals • Write a list of tasks that need to be accomplished in order to make those goals • Write a list of projects you’d like to start or complete • Create an updated marketing plan • Create an updated budget • List the topics you’d like to study, the classes you’d like to take, or the books you’d like to read, to keep you up-to-date with your industry and business skills • Schedule upcoming classes you’ll teach and distribute that Calendar of Events to clients and staff Cleanup and planning tasks don’t just happen in December and January. If you review these tasks quarterly, they won’t sneak up on you at the end of the year.
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