Springtime is supposed to be one of the happiest seasons, as flowers are blooming and the sun is always shining. It also reminds us that it is time for spring cleaning! This week, PCS Debt Relief gives you our list of tips to do some spring cleaning for your business finances to guide you in making smart financial decisions.
Take inventory at the office. Spend some time getting organized and take a look at what you have in your inventory. What do you need? What can you get rid of? Creating a list of what you need can help you save money by preventing you from overbuying. It can also make you feel refreshed to clean out the office!
Return or sell. Do you have things sitting around the office that you never ending up using? Return items you know you will not use in the future and do not need. Certain items, like old ink cartridges, are available to recycle for credit. There are various items that you can sell to make some extra cash just by properly recycling them. Do some research to determine what items are eligible for recycle in your office. Also, consider selling pricier items. Do you have office furniture or equipment that does not get much use or any at all? Think about listing it online to sell what you no longer need or use.
Donate. If you can’t find a new home for some of your items or know you won’t be able to sell them online, you can donate any unneeded items. Sometimes, donations can be used as a deduction on your tax forms. Though nothing is guaranteed, you can always ask a tax professional for some guidance. As tax season has recently passed, be sure to keep accurate records of any possible tax deductions to ease the process when filing next year.
Review all your expenses. Spring cleaning does not mean you have to stick to organizing just your office. It also can be an opportunity to review all your business’s regular expenses. Are you overpaying for your phone bill or even your lease agreement? Reviewing this information can help you save larger amounts of money if you have not recently taken advantage of deals or offers. Leases are known to be expensive, but there are resources available to help you get the best deal. For instance, tenant advocates work with tenants – completely free of charge – to analyze your lease to ensure you are getting the best deal for the space you occupy. The landlord ends up paying for their services, costing your business no money and increasing your saving potential.
Is your business struggling with debt? PCS Debt Relief offers customized solutions that are tailored to your business’s financial needs. Call (636) 209-4481 for a free consultation to restore your business and achieve financial stability.