- August 30, 2021
- Posted by: The Mauldin Group
- Category: Blog
Preparing for a Financially Successful Year
“The best time to plant a tree was 20 years ago. The second best time is now.”
— Chinese Proverb
With the fiscal year coming to an end for some businesses, now is the time to start planning for a successful 2022. Organizations in the upcoming year, because of how drastically impacted the world has been since 2020, will need to make strong decisions and modifications when needed to meet goals. From financial auditing to reevaluating your employee benefit plan, below are a few recommendations Atlanta companies should consider when planning for 2022.
Crafting a Business Plan for 2022
Evaluate Where You Stand
When planning for the imminent year, your organization should have a clear idea of its status. Knowing your starting point will help you to navigate to the finish line. Financial audits and reviews can help keep organizations on track. With a full understanding of your financial statements and more, your business will be able to seek opportunities for improvement and make proper long-term-focused adjustments.
Make Timely Adjustments
Every year will have unexpected situations and scenarios. As circumstances shift, every organization should be prepared to make appropriate and informed adjustments. Having a plan for your business’ fiscal year is important, but it should be used as a guideline. Being flexible and having the foresight to anticipate how to adapt and continue on a beneficial path through the year.
Know Your Deadlines
Businesses and nonprofits must meet certain requirements, particularly for taxes. Clearly map out key dates to make certain that your target dates are met. Partner with a CPA Firm for comprehensive tax services. Businesses, nonprofits, and religious organizations can rely on Brooks, McGinnis & Company for accurate and prompt tax services.
Value Your Employees
Maintaining a cohesive and established team will be significant for your company when navigating through 2022. To ensure your staff remains satisfied with their position with your company, consider reevaluating your organization’s employee benefit offerings. The four major types of employee benefits that candidates and personnel typically value include medical, life, disability, and retirement. Businesses can turn to a trusted CPA Firm for assistance with employee benefit plan services to meet and maintain federal compliance requirements.
CPAs Dedicated to Your Success
Contact BMC for CPA Services
Most accountants work with numbers; we work with people.
BMC is an accounting Firm providing CPA services, such as financial auditing, for Metro Atlanta companies. Our team of more than 40 experienced accountants and CPAs uphold the mission and vision of BMC, which aligns with the standards and goals of every client. Your organization’s success is our priority.
- Financial Audits
- Audit Preparation
- Monthly Reporting
- Year-End Reporting
- And More
“Shortly after relocating to the Atlanta area we were in need of the services of an audit firm. Brooks, McGinnis & Company was a recommendation from another organization because of the firm’s experience in dealing with non-profit organizations such as ours. Beyond the thoroughness and comprehensive reporting associated with the audit process, as we expected, it is the people from Brooks, McGinnis & Company that really deliver. The audit staff provided the service in a professional and personable way making for an efficient and thorough audit. We have sought their service for over ten years and have never thought about looking elsewhere.”
Executive Director, Accreditation Review Commission on Education for the Physician Assistant