The holiday season is a little different when you are out working on your own. There are no treats brought in by co-workers, no Secret Santa, and no forced frivolity. One thing that is the same is an interesting combination of work slow down and end of year activity. So I decided to make a Holiday Week Guide for the self employed…
- Close out all outstanding invoices for the year It’s good to remind clients that in just about all cases consulting services are a business expense and therefore deductible.
- Send Thank You Notes/Holiday greetings No matter what holiday you celebrate, be it Hanukkah, Solstice, Festivus or Christmas, it’s always good to celebrate the season and thank valuable clients for their business. If none of the holidays above apply you can send a New Year greeting.
- Start compiling expenses for the year As soon as the holidays are through, BAM! It’s tax season. If you have a light work load for the next two weeks consider starting your spreadsheets, getting all those receipts together. Get everything staged so once the New Year rolls around you can have your end of year numbers ready for when the W2’s and 1099’s start to arrive.
- Throw yourself a holiday party As a self-employed consultant, I do miss out on some perks of having a gig with a standard brick and mortar. So for me, having a holiday party meant meeting my sister and a friend at a local watering hole, from where we decided to track a flock of Pub Crawling Santas. A good time was had by all.
Happy Holidays Everybody!