A Guide To Your Mid-Year Business Review

You’d probably rather not think about taxes right now, but it’s a good time to review your situation. By now, you should already have made two tax payments in . Even if you’re using the Profit first system, mid-year is an excellent point to check in with your accountant and see if you’re on track with mid-year tax projections.

Don’t have an accountant? That’s okay. You probably have some sort of bookkeeping system in place, like QuickBooks, Wave, or Gusto. Then, you can print out your profit and loss through the end of June, double the income, and use an onlineIf you find that you’re behind on estimated tax payments, you still have half a year to catch up. Just calculate how much you’re short, divide it by the six remaining months, and add that amount to your tax bucket every month.

Michalowicz finds that most businesses can cut 10 to 20 percent of expense overnight, “such as frivolous costs like unused recurring membership fees, office space that impresses no one, or that expensive car that is ‘justified” because it is an expense.”Your expenses for the last six monthsAdd up all the costs and then multiply that number by 10 percent. And then cut that cost by that number.

After going through the assessment, make sure to give yourself some downtime to recharge for the second half of the year.

Do not let the oppressors, who unjustly try to force the innocent out of their homes, do what they want. StopTheRaid

We invite those who defend human rights, women's rights, justice and peace to turn their gaze to the occupied Palestinian lands, to Masjid al-Aqsa. There is a raid on Masjid al-Aqsa! StopTheRaid

Stop the raid on Masjid al-Aqsa. StopTheRaid

Israel está atacando injustamente el templo del pueblo. No nos quedemos callados sobre esto. StopTheRaid

The greatest threat in the world is injustice. Let's all stop injustice. StopTheRaid

Gaza has been occupied for years. in the middle of the year you have to say stop StopTheRaid

Let's stop Israel's oppression of the Palestinian people. StopTheRaid

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A Guide To Your Mid-Year Business ReviewI’m a huge proponent of tackling projects in small chunks. But, unfortunately, too many business owners wait until the end of the year to clean up different aspects of their business. If you knock off some of these tasks now, you’ll thank yourself down the road.
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