Your 12-point checklist to stay ahead on tax
Elanie van Greuning • February 4, 2025
Where has the time all gone to? The end of the financial year is almost on us.
How’s it looking for you? Know what you need to do? To help make the information-gathering process hassle-free, we’ve put together an end of tax year checklist. So, to avoid scrambling this time next month - take a breath, take note, and take action.
DOWNLOAD THE END OF TAX YEAR CHECKLIST
Being prepared is the key to avoiding end-of-year financial drama and stress.
With not long until year-end, we encourage you to spend a few minutes working through our 12-point checklist to stay ahead on tax and take care of essential housekeeping for year end.
As ever, if you have queries or would like to discuss the situation for your business, let us know.
Running a business can be deeply rewarding, but it also comes with pressure. At times, it can feel like the responsibility rests solely on your shoulders: managing cashflow, people, operations, growth, and compliance - all while trying to make the right decisions, day after day. That’s where we come in. At Crossroads, we don’t just take care of your accounting and tax - we partner with you in the bigger picture. As your business coach, we walk alongside you, helping you step back from the day-to-day and take a clearer look at where your business is going, and what might be holding it back.
Understand what you own, what you owe, and how to use that information to make confident business decisions.
The beginning of a new calendar year is an excellent time to review last year and reflect on what worked, what didn’t, what you’d like to change and new things you want to implement. Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year with an objective perspective can provide valuable insights to prepare for the coming business year. Planning and goal setting will help provide a focus for your business efforts. Your Yearly Business Review What were the most significant impacts on your business in the last 12 months? How well did you meet the challenges? What worked well last year? What systems, technology, products or services were successful? What accomplishments can you celebrate? What situation, event or experience provided the biggest learning opportunity? What is the biggest challenge or frustration you face as you prepare for the year ahead? What did you most enjoy during the year? Do more of it. What did you least enjoy? Do less of it! Analyse your financial reports. Are you earning what you’d like to? Is the business sustainably profitable? Get Ready for a Great Year While there are many metrics you could evaluate to track business performance, we’ve given you just a few ideas to inspire your business planning for a positive start to the year. If you’d like to chat about what you can do differently this year to enable your business to thrive, book a time with us today.