A new financial year brings a great chance to plan ahead and help you reach your financial goals.
5 Financial Year Resolutions You Can’t Miss
A new financial year brings a great chance to plan ahead and help you reach your financial goals. However, it can also be stressful. These resolutions can help you on your financial journey but also help you stress less next time June rolls around.
1. Take a chance to review.
There’s no better time than the start of a new financial year to refocus on what you want to achieve in the year ahead. It’s a great time to review what’s really important to you and how you’re tracking in those areas. Have you increased your business profitability?
2. Get ready to measure.
Any goal is more likely to be achieved when following the goal setting SMART method (specific, measurable, achievable, relevant, and timely). No matter what the goal whether it be to reduce debt, create savings or make a lifestyle change, make sure to divide them into short, medium, and long term goals. Having a chat with your accountant can explain any tax benefits or implications in advance.
3. Get organised.
Getting organised helps you consider all the options and make decisions that are well suited to yours and your business’s needs. A business advisor can assist in this process by considering your current circumstances and future possibilities.
4. Stay on track.
Make sure you’re on track in all aspects of your business by keeping an eye on small expenditures which can add up over time. Keeping track of finances by utilising paperless apps and programs can be helpful.
5. Acknowledge your wins.
Nothing gives more incentive then recognising your milestones after all your hard work. Making sure you pay attention to small feats along the way makes the finish line seem a lot closer.
Don’t wait for another year. Get tax ready and take the stress out of tax time next year with the help of a financial expert. Book an appointment with us by clicking here.
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