As 2019 comes to an end, it is a sensible time to reflect on the year that has passed as well as plans moving forward.

Whilst you are sipping a cocktail on the beach or spending time with family over the holiday period, you might find that the downtime helps to clear the mind.

 

The perfect time to re-set.

The start of a New Year is the ideal time to set priorities and goals for the twelve months ahead.

Do you want to… launch a new product line? Expand your market? Hit a certain revenue?

Some business owners find that it is easier to split their objectives into quarters. Setting aims for each three months of the year can allow for goals to appear more attainable and realistic.

As well as considering what you could be doing better to grow your business, you should contemplate how your external resources and advisors have performed over the year.

Your current accountant is a particular advisor that should be examined closely. If you believe they could have performed better in the previous twelve months, you may want to start looking for a new financial team.

In the case that you are uncertain of how your current accountant compares to others, you could find it beneficial to shop around and enquire with other firms.

 

Looking into other financial areas.

If you plan to grow or expand your business in 2020, you may need to acquire some finance. When growth is your aim, you may need to start building a relationship with a finance broker as well as an accountant.

Most growing businesses discover that it is easiest to work with a full-service financial firm that has a variety of specialised internal teams to cover off all areas: tax, superannuation, financial planning, estate planning and lending.

A strong financial team backing your business is the best way to enable success, after all.

 

We’re the team for you.

At Paris Financial, we are preparing for our biggest year yet. Just like you.

To show you how we can of assistance in 2020, we are offering all new clients a free initial consultation with one of our tax champions. In your first complimentary meeting, we will listen to your unique circumstances and help you to understand where we could be enhancing your asset protection and saving you more tax.

With offices in three locations across Victoria (East Melbourne, Blackburn and Mornington), there is no excuse not to get in touch with our team.