The end of the financial year is a stressful time for all. For a lot of small businesses, it is a frantic period to clear stock and plan for the next financial year. The same can be said for bookkeepers and accountants, as they too, look to review what can be done to improve their own businesses.
Whether it is upgrading technology, reviewing pricing structures, increasing the array of services on offer or simply assessing the process system for dealing with clients, there is plenty to evaluate in the lead to June 30 - and beyond!
An independent assessment of your own business can help increase revenue and profitability. An honest self-evaluation can highlight areas that can be improved, as well as offering insight into unforeseen costs. To help with this assessment, we’ve published an e-book titled Upgrade Your Practice Productivity for a Better Tax Season, offering plenty of tips to help you navigate the end of one financial year and to set up for success in the new one.
This e-book can help you uncover opportunities for improvement in your firm. In it, we’ve identified three initiatives for you and your team to undertake in the lead up to the end of financial year: