It's Time To Budget

Ana Reilly • May 9, 2023

 

2023 FY Tax Planning

𝐈𝐭’𝐬 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐁𝐮𝐝𝐠𝐞𝐭!


We are coming  to the end of the 2023 financial year, have you thought much about 2024FY?   Now is a great time to start putting together you goals and plans for the 2024FY. Preparing a budget plan for the next 12 months is an essential factor to ensure your business not only survives but it succeeds.

 

This involves determining:

✔️ Income targets

✔️ New types of income

✔️ Product margins

✔️ Estimating ongoing expenses

✔️ Potential future expenses

✔️ Staff levels

✔️ Cash Flow needs


Profit is the business going to make income you want personally. 

 

This plan will keep you accountable to yourself.  You will be surprised by focusing on meeting your plan drives the success of your business.   Having the goal gives you the objective and more importantly a reason to do the things you need to do to meet those goals.  It will navigate your activity to meet the needs of your plan. 


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