There is one time of year we all dread. No,
it's not going over to the in-laws for Thanksgiving. It's tax day. Whether you pay your business taxes on the
due date or in advance this can be a stressful time of the year.
Depending on
the circumstances, you could find yourself writing out a huge check to the
government that wipes out your cash reserves. It's no wonder your blood
pressure spikes and the headaches come on.
The good news is that it doesn't have to be
that way.
Yes, you'll still have to pay taxes but
there is no reason why you should stress out about this part of your business.
First thing to understand - everyone is in the same boat. Beyond that there are
some tactics you can adopt to help manage your small business finances and
avoid getting on the government's bad side.
Make a Plan

You should be using a written calendar that covers
all your responsibilities both to customers and to the government. If you know
a payment is approaching you won't feel burdened or surprised when it comes
time to write the check.
It comes down to a matter of making priorities. And
yes, there is an app for that!
Don't Do it Alone
Feelings of stress go hand in hand with feelings of
being overwhelmed. When was the last time you asked for help? As a small
business owner there are a lot of new aspects of your business you thought you
wouldn't have to contend with. Sure, you knew you'd be paying the bills but
keeping up with your company's Facebook page and generating original content
for your website? Did you budget time for that? More importantly, do you know
what you're doing when it comes to optimizing search engines and social media?
You don't have to become an expert because there are
plenty of experts out there in cyber land willing to lend a hand. Even your
kids could probably be a big help posting notices or even cleaning up around
the office. Start asking for help and watch the stress melt away.
Take Time for Yourself
All work and no play? We've heard
it before and it has meaning for the small business owner. The first few weeks
or months of your start up will be grueling. No doubt about that. However, that
doesn't mean running yourself into the ground. You certainly can't pay your tax
bills that way. Leave some relaxation time for yourself and/or with your family
every week. Schedule it like a business meeting and hold it with the same level
of importance. You'll find that approaching your business after taking a "time
out" won't be a struggle.
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