Following are seven easy steps you can take now to simplify your life, lower expenses and pump up your net income in 2013 and all the years to come.
1. Slash your costs for keeping in touch. When it comes to being reachable, you’ve never had it so good. You’re never far from anyone you want to reach (or anyone who wants to reach you). Unfortunately, you’re probably paying a lot more than you realize for the various communication options. Contact your primary provider to see what bundled plans are available in your area. You may be surprised at how much you can save by giving all of your communications business to one company.
2. Give your accountant a cut in pay. Sure, you may dislike all that paperwork and record-keeping that have become part of your life. Nevertheless, if you find yourself scrambling to find receipts and other records for your accountant at tax time every year, you’re probably costing yourself some real money. “When clients present me with a shoebox full of unsorted papers, I have to charge them for the hours it takes to make sense of them,” says Thomas Normoyle, a certified public accountant based in Huntingdon Valley, Pennsylvania. “A simple filing system that separates records of different types is one sure way to reduce my fee.”