With Heidi Black of Fiscality Consulting Group
Unless you’re someone who particularly loves numbers, one of the harder pieces of starting, running and growing a business is the financial piece. It is also one of the most vital! We wear many hats as business founders, but finances is one of those pieces that makes sense to delegate!
One of our own, Heidi Black of Fiscality Consulting Group, is a wonderful partner to fellow women founders, a financial expert who is passionate about bringing clarity, ease and smart, successful strategies to her clients. With this new year in mind, she has shared with us her top founder tips for moving into the new year successfully with your finances!
(For TLC members interested in checking out her services, Heidi is offering our community an exclusive “TLC Tax Tune Up”: up to 3 hours of financial review for $150.00. You can reach her to schedule at [email protected]. Just refer to her TLC special!)
Close Out Last Year Cleanly
Before charging ahead, make sure last year is truly wrapped up—bank and credit card accounts reconciled, income categorized correctly, and expenses properly documented.
Check Your Profit (Not Just Your Bank Balance)
A healthy bank balance doesn’t always equal profitability. Reviewing your Profit & Loss helps you understand what your business is truly earning.
Review How You’re Paying Yourself
The start of the year is a great time to confirm your owner pay setup is tax-efficient and matches your business structure.
Get Organized for Taxes Early
Make sure sales tax, payroll filings, and estimated taxes are on track now—so there are no surprises later.
Set One Financial Goal and Review It Monthly
Whether it’s cash flow, profit, or cleaner books, tracking one goal consistently makes a big difference.
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