Make The Most Of Your Holidays
The holidays have the potential to literally be both a blessing and a curse for most of us. For many, the season is filled with festivities and activities that bring us excitement and joy and allow us to gather together and spend time with family, friends and other loved ones. This makes the holidays a great time to reconnect with our families and the people that we are close to, and to recharge our spirits. Be Wary of Holiday Stress and Burnout For others, the holidays can be very draining. Many businesses see their peak sales for the year come in around the holidays, which can put pressure on owners, managers and other staff as everyone must pitch in to ensure that their customers receive the assistance that they want and need. Even if you don’t work in an industry that sees an increase in the workload during the holidays, the season can still be stressful. It’s easy to feel frazzled at the end of the day when you’ve had to brave the extra crowds as you try to shop or dine away from home. Sometimes, we make the season more stressful than it has to be if we get...
Read MoreKicking Those 2014 Goals
Have you ever noticed how flexible time is? Sometimes the minutes are longer than ages, the days are slowly passing by, but there comes a moment when you turn around and you can’t believe that 3/4 of the year has already gone and you have just three months to complete your annual plans, achieve the yearly goals and prepare for the next year. When did this year pass and what have you done during it? Hopefully, the answer to the second question is not ‘too little!’ If you want to make the most of the last three months of 2014, you will need to sit down and check your progress so far. Try to remember what your business plans and goals were at the start of 2014 and tick the ones you have already achieved. If you made the effort to write down what you aimed to achieve at the beginning of the year, it will be easier for you to see where you are now. If not – you can always try it next year. So, when you mark, cross out or tick everything that you have already achieved (and take a moment to be proud of yourself, your team...
Read MoreDid You Make Any Of These End Of Year Mistakes?
If you are like many small business owners, you may be struggling with financial documents and accounting paperwork related to your end of year financial processes. Despite the importance of accurately completing these forms in a timely manner, there are several common mistakes that are made by small business owners as they near the end of their financial year. Are You Prepared? A recent survey of the members of the Institute of Public Accountants (IPA) reveals that over 40% of small business owners needed more preparation to complete their end of year statements, and 4% were completely unprepared when they met with their accountants. While 56% of small business owners were well prepared, most still needed help from their accountant to tie up loose ends for their end of year paperwork to be complete. Keeping your records up-to-date, throughout the fiscal year, makes completing your end of the year financials easier on you and your accountant. Another common mistake that small business owners make is that over 58% wait until the end of the year to contact their accountant. If you aren’t having regular, consistent contact with your accountant, throughout the fiscal year, you are missing out on the...
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