The start of a new year is the perfect time to hit “refresh” on your business finances. Whether 2025 was smooth sailing or a scramble to meet tax deadlines, January offers a clean slate — and a chance to get organized before the chaos of tax season kicks in.
Here are five smart financial moves to make this month to set yourself (and your business) up for a successful year.
1. Review Last Year’s Financials
Before you can plan ahead, take a look back. Run key reports — such as your Profit & Loss statement and Balance Sheet — and evaluate how your business performed last year.
- Were you profitable?
- Did expenses increase unexpectedly?
- Are there trends you need to address?
If these reports aren’t easy to find or understand, that’s a sign it’s time to get support.
2. Close the Books for 2025
January is the time to finalize your books for the previous year. That includes:
- Reconciling bank and credit card accounts
- Categorizing all transactions
- Making year-end journal entries (like depreciation or loan interest)
If you’re behind or unsure what’s missing, a CPA can help you close the year accurately.
3. Start Gathering Tax Documents
W-2s, 1099s, receipts, mileage logs — tax season requires a paper trail. Organize now so you’re not scrambling later. Pro tip: Digital folders labeled by category can make this easier year after year.
4. Set Financial Goals for 2026
Want to increase revenue? Cut expenses? Save for a big investment?
Set realistic, measurable financial goals — and build a budget that supports them. A CPA can help forecast your cash flow and provide insights to get you there faster.
5. Get Help Where You Need It
If bookkeeping, payroll, or tax planning took too much of your time last year, now’s the time to outsource.
At J.A. Green Accounting, we work with small business owners who are ready to stop guessing and start growing — with clean books and smart tax strategy.
Final Thoughts:
You don’t have to wait until April to start thinking about taxes. By tackling these financial tasks in January, you’ll reduce stress, avoid costly mistakes, and give yourself room to focus on what you do best: running your business.
📞 Ready to make 2026 your most organized year yet? Contact us today to schedule a consultation.
