Though you may have started the year with a clean business slate, there are likely a few important aspects that have slipped through the cracks or been put on the back burner throughout the year. Now is the time to make sure you take care of any loose ends to avoid unnecessary charges or lost business in 2013.
Make sure your website is up-to-date. Many online businesses can make changes on the fly. There is a chance you eliminated or added a few service offerings this year. Maybe your rates or contact information have changed. Pencil in an hour to review your website and make any necessary changes.
The same goes for marketing materials. If you changed URLs or social media profiles at some point in 2012, now is a good time to order updated business cards and other offline marketing materials. Not only will you look more professional if you are no longer handwriting updates on your business card, but you can also land some great deals on printed business supplies this time of year.
Review your subscriptions. As a business owner, you are likely subscribed to several services. You may receive industry magazines, belong to a professional group or pay monthly for an online service. Take a look at what you are actually using and getting something out of. Cancel any subscriptions that are no longer needed.
File any legal documents relating to business entity changes. If your business was inactive this year, file Articles of Dissolution or a Certificate of Termination before years’ end to avoid incurring more fees. If you changed your business address or name, Articles of Amendment should be filed with your state.
Make sure any special licenses or insurance are up-to-date and accurate. Discuss the specifics of your home business with your insurance agent to ensure no special riders are necessary for your unique situation.
Get your paperwork in order. Once we round the corner into the New Year, tax time will approach quickly. Now is the time to start making sure everything is ready to go.
Call your accountant. Before the last week in December, get on the phone to discuss your business financials. This will give you a few days to make any last minute business purchases to reduce your tax liability. You can also start setting aside money to pay your estimated taxes if you haven’t been paying quarterly.
None of these year-end tasks is overwhelming or takes much time. An hour here and there can save you a big headache down the road.
What assignments are on your list to complete before January?
Angie Nelson has been an online business owner since 2007. Today she balances several successful online ventures and still manages to share her passion for home business with others on her blogs The Work at Home Wife and The Best Direct Sales Companies.