Andrew and Joey are back with another edition of Smart Dads! Joey breaks down who the Costco Guys are and why they’re famous. Plus, Andrew has a life hack to get around all those annoying concert service fees!
Run a small business? Follow this end-of-the-year checklist before 2022 ends
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The new year is right around the corner, which means it’s time for New Year’s resolutions, paperwork filing and holiday vacations. For busy business owners, there’s a lot to keep track of. Make sure you don’t forget anything important with this small business checklist.
We put together some of the most important steps you should take before the year ends. Now is the time to tie up loose ends, take an inventory of your business and sniff out any weak spots holding you back. It’s important to take some time at the end of each year to do a thorough review of your company.
It doesn’t have to be too hard; just do everything on this checklist and you’ll be fine. You may uncover some hidden fees costing your small business money. Scroll down to make sure you aren’t holding yourself back.
This tip is brought to you by our sponsor, NetSuite. Read to the end to see how NetSuite can transform your business.
There are just 7 steps in our small business checklist for 2022
Here’s what to do to end the year the right way.
1. Check the books
Bookkeeping mistakes can haunt you throughout the new year, holding you back when you want to move forward. That’s why you should review all of your insurance policies, accounts and more.
To close the books, check your:
- Invoices.
- Business expenses.
- Bills.
- Contractor payments.
- Bank account statements.
- Payroll taxes.
- Employee documents.
Basically, you want to make sure all of your papers are in order in case 2023 throws any curveballs, like employee litigation, natural disasters or E&O penalties. Make sure you have the proper coverage so your business can survive any scary surprises life throws your way.
2. Revisit your inventory
Netflix price going up now – Find out how much more you’re paying
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Streaming giant Netflix has a sneaky way of knowing when you share your login details with friends or family. The platform has come up with a solution and is testing the viability of charging subscribers $2 extra per additional user in Chile, Costa Rica and Peru.
Bitcoin and bot talk: Square gave restaurants an AI that answers the phone, takes your order and won’t judge you for getting extra cheese. Also, merchants can now get paid in Bitcoin straight from the register with no fees for a year.
$7.7 billion
That’s how much Paramount paid for the rights to the UFC. That’s more than the GDP of Fiji. Seven years, 43 events a year and zero pay-per-view fees, just all-you-can-binge brawling for your $12.99 Paramount+ subscription. ESPN’s old $500M-a-year deal looks like pocket change.
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🪙 Retail crypto grab: Walmart and Amazon are both reportedly exploring launching brand-backed crypto stablecoins. Insiders say it could let them ditch banks (and bank fees), process payments faster and soak up even more of your money. Finally, you can pay for eggs with Jeff Coins™.
📦 Package delayed scam: This one is spreading fast. You place an order after seeing a tempting ad, but the package never shows. Then comes the excuse: delays due to tariffs or customs. Next thing you know, they’re asking for extra fees after checkout.
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🤑 Swipe to earn: Take payments anywhere with a Square Reader. Your first one is free when you sign up. Just pick your connector (USB-C, Lightning), download the app, plug in to your phone and start swiping. Fees are 2.6% plus $0.10 per transaction. Cha-ching has a new sound, and it plugs into your phone.
🌍 Heading overseas? Don’t get slammed with outrageous roaming fees! Stay connected affordably in 200+ destinations with the eSIM I trust. Just download the Saily app, choose a plan and connect instantly — no physical SIM needed. It’s fast, secure and hassle-free. Grab yours now and save 10%!
Shopping scams are getting nastier: One victim in Maryland was tricked into paying a fake $0.99 “redelivery fee” and ended up losing $400. USPS and other shipping companies won’t add a shipping charge after the fact. These scams usually come via text, so watch out.
Amazon's secret profit center
Streaming costs are spiraling, but Amazon’s secret fees are the real eye-opener. What started as a simple $79 Prime membership has ballooned into a $22 billion profit machine — without most people even realizing it.
🤦 Baby, don’t Hertz me: Get a load of this — rental car giant Hertz got caught charging Tesla renters hundreds for gas. They blame a system glitch that added a “Skip the Pump” fee to EV invoices. Refunds are rolling out. Are they sorry? Yup — you get one free EV rental day. I’ll pass.
For dating apps, it's either your privacy or true love
Mozilla says that most dating apps (80%) sell or share your intimate information. What exactly are you giving away? Plus, Google teases fees for ‘search,’ an Airbnb shocker, and Boston Dynamics puts hair on its bots.