Getting Ahead of 2026: A Financial Checklist

As we approach the end of 2025, it’s not too early to start thinking about the financial health of your business in the new year. Proactive planning is the key to a strong and profitable 2026.

Here is a checklist to help you prepare:

• Set Clear Financial Goals: What do you want to achieve in 2026? Whether it’s increasing revenue, expanding your team, or reducing debt, set specific, measurable, achievable, relevant, and time-bound (SMART) goals to guide your financial decisions.

• Review Your Business Structure: As your business grows, your legal structure might no longer be the most tax-efficient. Consult with a professional to see if switching from a sole proprietorship to an S corporation, for example, could be beneficial.

• Adapt to New Tax Rules: The tax landscape is always changing. For 2026, some of the tax rates from the Tax Cuts and Jobs Act are set to expire, which could impact your business. Stay informed and work with your accountant to understand how these changes may affect you.

For further assistance, please feel free to reach out; mdaviscpb@qbocleanups.com