Mid-Year Financial Reviews!
Taken from Tammy Fisher’s post on Linkedin:
We're fast approaching the end of June
And with that, half of 2023 is done.
July is a busy time for myself and my full service clients.
We are sitting down and going over the first 6 months financials, and we're talking about things like:
✔️ Budgets and revenue goals - what's working and what isn't? Where do we see year end going from here?
✔️ Estimated tax payments - do we need to adjust? What about withholding if we have W2 income?
✔️ Are there any large expenses coming in the next 6 months?
✔️ What does their debt look like - is there anything there that needs attention?
✔️ Retirement accounts - do we need to adjust contributions or are we maxed out?
✔️ Tax liability forecast - we can roughly start anticipating what filing will look like and take steps to lessen tax liability while we have 3rd and 4th quarter to make moves.
These are some of the topics on my plate for the next few weeks. Working to provide value to my clients and deliver more.... It's work but I love it!
