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Plan Now for 2014

 

With one more quarter to go in 2013, this is the perfect time of the year to start your review of the 2013 and start making plans for 2014. Speak with your accountant to get a projection of how 2013 will impact your tax situation and other important business considerations. Don’t wait to the start of 2014 to access your 2013 tax liabilities. By then it’s too late.

 

You should also do a review of all your expenses, deductions and current budget. Start now making adjustments to your budget and calculating your breakeven. And remember, breakeven is not just the number you hit to pay your bills. Your breakeven must also include return on investment, paying backing any loans, putting away money for future, planning for unexpected, and reinvesting in your business.

 

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