Business Insights:
We are almost halfway through the year, can you believe it? Mid year is one of the best times to review your finances, clean up your books, and make adjustments before the second half of the year gets busy.
As a self employed business owner, your next federal estimated tax payment is due June 15. Staying ahead now can help reduce stress, avoid penalties, and prevent cash flow surprises later in the year.
As summer approaches, now is a good time to focus on a few key financial tasks:
- Keep your bookkeeping up to date so you know your actual profit and cash flow
- Set aside money now for your June estimated tax payment
- Review your year to date numbers to see how your business is performing
- Forecast upcoming expenses and slower sales periods so cash flow stays healthy
- Review pricing, profitability, and outstanding invoices before the second half of the year
Upcoming Tax Deadlines:
June 15
- Estimated tax payment due for Q2 The second payment of your estimated tax is due.
If you have payroll, you may have:
- Monthly payroll tax deposits
- State level filings depending on your location
State specific deadlines
- Sales tax filing deadlines vary by state and can be monthly, quarterly, or annually depending on your business
A Little Something for You... 💌
I’ve always believed that the best connections happen through the people we already know and trust. To say thank you for being such an amazing part of my journey, I’m introducing a $25 referral incentive.
When you refer a new client who signs on, I’ll send a $25 gift your way as a thank you! It’s a token of my appreciation for your incredible support 🥂
The Details ✨ Once your referral officially signs on, I’ll reach out to send your $25 thank-you via Zelle or a digital Visa gift card—your choice! No extra steps for you, just a little treat for being the best. 🥂
Final Thoughts from the Founder:
As we move into the middle of the year, now is a great time to review your finances, stay on top of your cash flow, and prepare for the second half of the year with confidence.
Keeping your bookkeeping updated and reviewing your numbers regularly can help you make smarter decisions around spending, pricing, taxes, and overall business growth.
We are here to support you with bookkeeping clean ups, budgeting, cash flow reviews, and financial organization so your books stay accurate and your business stays financially healthy throughout the year. Schedule a free alignment call today to get started.
See you next week!
