Since we are the Entrepreneur’s CFO, we know that you are busy and want to keep you informed on what’s going on in the industry. Now that there has been some time for things to settle down from tax season, maybe it’s time to reassess your own accounting. Maybe you can call it an entrepreneur’s “spring cleaning.” Whatever you may decide to call it, we have a few tips to get you started on the right track for 2014.

 Prepare for 2014  taxes now

We realize that April has already passed and you can finally take a deep breath. However, now is the perfect time to take the opportunity to look at ways to save on taxes for the upcoming year. What can you be doing now so that you have a lower number next April?

Dump your files into the Cloud.

Is your desk and office filled with stacks of paper? Are you keeping hard copy documents for clients? A desk full of paperwork severely impacts productivity- both physically and mentally.  The good news is that cloud services including storage, CRM and software are faster, more secure and extremely affordable.

Analyze the profitability of your business.

This might sound obvious, but we can sometimes get overwhelmed with day to day tasks, that we forget to take a step back and look at profitability. Is your revenue greater than your expenses? If it’s not, then it’s probably time to talk to an accountant or advisor.

If you are still finding yourself overwhelmed, check out: When to Hire a Bookkeeper or Accountant: When QuickBooks takes you only so far, it’s time to bring in a financial pro.