As the year comes to a close, many business owners are asking themselves key questions: Will I meet my profit goals? How much cash will I have on hand at year-end? Most importantly, is there still time to make adjustments that can improve my financial standing?
For S-Corp owners in particular, these questions take on added importance, as year-end profits directly affect their personal tax returns. Year-end financial projections aren’t just about crunching numbers–it’s personal.
That’s where our Year-End Projection Service can make a difference. This service offers a comprehensive snapshot of your current financial position while offering actionable steps to give you control over your cash flow and profits before the year closes.
What’s Included in Our Year-End Projection Service?
Our service includes two essential meetings designed to give you a solid plan while staying flexible as new data becomes available.
Meeting 1: Setting Your Year-End Plan
In the initial session, we’ll focus on establishing clear financial goals and gathering the necessary information to build your year-end projection.
- Setting Year-End Goals: We’ll define your target profits and the amount of cash you aim to have on hand at year-end. These will shape the rest of the planning process.
- Reviewing Your Current Numbers: We’ll review your current income and expenses, analyze your profit so far for the year, and your current available cash.
- Summarizing Expected Income: We’ll examine your outstanding invoices, pending customer payments, and deposits to give you a clear understanding of what cash should come in before the year-end.
- Summarizing Bills and Expenses: We’ll identify your upcoming bills and additional expenses. We will also review your depreciation and any non-deductible costs like personal expenditures.
- Running the Projections: With this data in hand, we’ll calculate your estimated cash flow and profit for the year-end.
Meeting 2: Updating and Adjusting Your Year-End Plan
As the year-end approaches and your actual financial data changes, we’ll revisit your projections to reflect your updated revenue and expenses, and any shifts in cash flow.
With these updates, you’ll gain a more accurate view of your financial postion, allowing you to make real-time adjustments rather than relying on a static, one-time plan. This fine-tuning helps you stay proactive and confident in your financial decisions.
Why You Need This Service
As a business owner, your year-end financials not only impact your company’s bottom line but in many cases, also your personal taxes. That’s why having a clear, actionable plan is essential.
Our Year-End Projection Service provides you with insight and strategic recommendations. With a detailed projection and a personalized strategy to follow, you’ll gain clarity on your cash flow and year-end profit before the year ends. This will provide you with confidence to make timely adjustments while you can. Our team is here to guide you every step of the way.
Now is the time to take control of your year-end planning. Complete our Get Started form today, and let’s design your customized year-end strategy!