Last week we talked about 5 of the 10 ways to help your small business start 2013 off on the right path. Here are the rest:
6. Update your employee manual – The beginning of the year is a good time to make changes. All employees should review and sign off on these updates.
7. Update your HR forms – You should review all of your forms, but particularly the W-4, W-9 and I-9 at least a couple of times a year to make sure you are using the proper version. Irs.gov is a great resource to help you figure it out.
8. Box up 2012 files and create new files for 2013 – This provides you a fresh start and helps you to stay organized from one year to the next.
9. Start a new fixed asset folder – Create this folder and set it aside. Then when you purchase a fixed asset keep a copy of the receipt and any other documentation in this folder. Having all of the fixed asset information filed together really comes in handy when preparing income taxes.
10. Review last year’s financials with your staff – This will help your employees stay more engaged in the overall success of your company. This is also a great time to talk about goals for the current year and how each person can help the company accomplish them.