End of Year Financial Basics: How to End 2022 So That 2023 Starts Off Right
Your Practice Mastered · Your Practice Mastered
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Show Notes
In the latest installment of Entrepreneurial Attorney Nation, Richard James is joined by Annette Sonnenburg, President of Sonnenburg Consulting Inc. She has provided CFO consulting services, business consulting, and outsourced accounting and bookkeeping services for more than 20 years.
Richard James and Annette outline exactly how you can end 2022, so that 2023 starts off right. This is THE guide to your law firm's end of year financial planning. By the end of this episode you will discover:
- The #1 key to setting yourself up for success
- The deadly sin you need to avoid
- A framework for financial success for your small law firm
Time Codes:
00:00 - Introduction from Richard James
02:38 - Annette Sonnenburg Introduction
03:21 - Bonus Depreciation
05:33 - Simple IRAs/401Ks
07:28 - Debt in a Small Business
08:27 - Lifestyle
15:51 - End of Year Planning/Review
15:53 - Credit Card/Bank Statements
24:38 - As Compared To:
30:34 - Phone Room
31:34 - Sales
33:31 - People
36:50 - Goals
38:22 - Financial Budget
50:57 - Owner's Benefit
56:30 - Episode Conclusion