Section 5 – The Boring Stuff

Do you have a good accountant relevant for your needs as your business grows? (have you researched 3 options)

Do you have a good tax advisor relevant for your needs as your business grows? (have you researched 3 options)

Are you letting your trusted accountant and tax advisor deal with accounts/tax so you can get on with growing the business?

Have you considered business/life insurance?

Are you actively seeking investment opportunities for your profits? (if this is in line with your long term exit plan goals)

Do you have an up to date will in place?

If you are heading towards the vat threshold have you put your prices up by 20% now to cover any liability for vat in the future?

Has your accountant/tax advisor fully investigated your vat liability based ont he nature of your business?

If appropriate have you asked an international tax advisor about your business structure and taxation setup as an online or international company?

Are you setting aside 2-3 days a month to go assess your business/taxation/investment strategy? (hint: it could save you a lot of money if you do!)