Start the year fresh with these household and business money tips
A new year is always a great time to stop and reflect and make some positive changes for the year ahead. It’s also the perfect opportunity to get more organised and build some more efficiency into your business or household.
If bookkeeping and accounting aren’t your strong suits, don’t worry – we can help! We’re sharing four ways you can start your financial year fresh in 2023.
Here are our 4 tips to start fresh in your personal and business life:
Go paperless
If you haven’t already started to go paperless, make 2023 the year you do. Many software and operations that provide receipts or invoices also offer paperless solutions. You can also request digital records of all accounting and that way you don’t need to worry about dusty cabinets full of paper receipts.
At Greenhalgh Pickard, we’ve been shifting our business operations to carbon neutral, and this means going paperless. We’ve implemented electronic communications and technology systems to minimise printing wherever possible. See what else we’ve been doing as part of our 2023 Climate Strategy.
Make financial check ups a priority
Whilst you don’t need to make this a daily or weekly thing, it’s good to make sure you’re checking in on your finances (and with your accountant and/or bookkeeper) on a regular (say monthly) basis.
Keeping your finger on the pulse means you can iron out any issues before they become big problems!
Make tax time easier
This is probably something you’re already doing, but if not make 2023 the year you do! When accounts and receipts get mixed up between personal and business it can make tax time tricky (and no one wants that!). Keep separate savings accounts and credit cards for both personal and business uses.
For the sole traders out there who aren’t yet registered for GST. Don’t wait until the end of the financial year to scrape together your taxes – put money aside as you go into a separate account that you can use to pay your end of year taxes. This habit will also help you to plan for any unexpected events as well, should they arise.
Set up auto-payments
Automate, automate, automate – it’s the way of the future and great way to build more efficiency into your day, whether at home or in your business. You’ll still need to make sure your account balances have sufficient funds, but at least you won’t have reminders spinning around in your head, and you won’t be hit with late fees.
What are your goals in 2023?
Our team of experts can assist with personal legal and tax services all the way through to commercial and business offerings!
In choosing our team, you have access to both legal and accounting advice within the one location. We believe this allows us to optimise each interaction and save you time and money!
Contact us today to book an appointment and achieve your goals this year with Greenhalgh Pickard.
Contact Your Nearest Office
If you are interested in meeting with a lawyer or accountant in Sunshine Coast or Airlie Beach regarding your business or commercial interests, please fill out the form to book an appointment or call (07) 5444 1022