This holiday season, we want to give everyone the financial knowledge they need to manage their businesses effectively. So our gift to you is a year’s-worth of important advice, condensed into one handy list of tips for better financial management. These 5 tips will help you make smart decisions throughout the new year and beyond.
- Best practices for attracting and retaining top talent. Much of the focus this year has been on recruiting and retaining employees. For those looking to up their game, focus on these three things: creating a positive environment that rewards hard work and is conducive to success, highlighting opportunities for growth, and boosting good pay with great benefits.
- Formulating a plan to combat the effects of inflation. Inflation became an increasingly pressing issue for small business owners this year. There are steps small business owners can take to remain competitive and stay profitable. A successful plan should include going digital, raising prices, creating a contingency plan, and perhaps taking out a business loan.
- Getting ready for employee benefits plan audits. Proper preparation can make an employee benefits plan audit easy and efficient. Whether it’s the first time your benefits plan is being audited or you are looking to improve the process, selecting an experienced CPA firm is key. With the right partner, preparing for your employee benefit plan audit doesn’t have to be stressful or overwhelming.
- Getting paid faster. Late or missed payments by customers can be a huge drain on your resources and cause serious cash flow issues. Strategies like requesting down payments, invoicing promptly, using accounting software, and accepting multiple forms of payment will go a long way in ensuring that you get paid quickly and consistently.
- We’re always available for you. At Boris Benic and Associates, we believe that our clients’ successes are our own. It’s why we continually reinvest in our firm, ensuring that clients receive the best services possible. With quality staff, continuing education on up-to-date industry trends, and cutting-edge technology, we are committed to helping our clients succeed.
We invite you to let us put our expertise to work for you in 2023.