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5 Smart Financial Moves to Start the New Year Strong

  • Writer: Averil Barmann
    Averil Barmann
  • Dec 7
  • 2 min read
5 Smart Financial Moves to Start the New Year Strong

A new year brings fresh opportunities for business growth, goal-setting, and better financial organization. January is one of the most important months for creating a solid foundation that supports long-term success.


At Barmann Bookkeeping, we help small businesses gain financial clarity through expert bookkeeping, cleanups, reporting, and personalized support.

Discover how we can support your business ➜ https://www.barmannbookkeeping.com/


📘 1. Review Last Year’s Financial Reports


Understanding last year’s numbers helps you make better decisions moving forward. Reviewing your Profit & Loss, Balance Sheet, and cash flow trends allows you to identify:

  • Your most profitable services

  • Areas of overspending

  • Seasonal revenue patterns

  • Opportunities to reduce costs


If your books aren’t up to date, our bookkeeping services can help you get fully organized ➜ https://www.barmannbookkeeping.com/bookkeeping-services


🗂 2. Build a Budget That Supports Your Goals


A strong budget is a key component of long-term financial success. It provides direction, keeps spending in check, and helps you prepare for expected and unexpected costs.

When creating a new-year budget, consider:

  • Anticipated income

  • Business upgrades you want to invest in

  • Hiring needs

  • Savings and emergency planning


A clear budget keeps your business focused and financially stable.


📅 3. Start Tax Preparation Early


Tax deadlines may feel far away, but preparing early gives you breathing room — and reduces costly mistakes.


In January, take time to:

  • Reconcile all accounts

  • Gather receipts and important documents

  • Prepare contractor 1099 information

  • Confirm estimated taxes paid


Getting ahead now makes tax season significantly easier.


⚙️ 4. Improve Your Financial Systems


The new year is a great time to upgrade outdated processes that slow your business down.


Ask yourself:

  • Is your invoicing system efficient?

  • Are you tracking expenses consistently?

  • Are you using software that supports growth?

  • Are you spending too much time managing your own books?


Streamlined financial systems save time and reduce stress — allowing you to focus on growth.


🌱 5. Set Clear, Measurable Business Goals


Financial clarity makes goal-setting easier. When your books are accurate and current, you can confidently set goals related to:

  • Revenue growth

  • New services or product lines

  • Debt reduction

  • Profit margin improvement

  • Long-term savings and upgrades


Defined goals help your business grow with intention.


🎉 A New Year Activity to Reset Your Mindset


Starting the year with inspiration can help you approach your business with fresh energy. One great option in Colorado Springs is exploring the Garden of the Gods trails — a peaceful, scenic place perfect for reflection and goal-setting.


Trail maps and visitor information:🌄 https://gardenofgods.com/

A walk among the red rock formations can boost creativity and help you begin the year with clarity.


✨ Start the New Year With Confidence


January is the ideal time to reset, plan, and refocus. Whether you need help catching up, staying on track, or understanding your financial reports, Barmann Bookkeeping is here to support you every step of the way.


 
 
 

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