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Summer is here, bringing the perfect opportunity to review how your business is doing this year. If you own a small business, are self-employed, or are thinking about formalizing that side hustle, now is the ideal time to prepare for the second half of 2026.
At La Familia Multiservices, we want to help your business not only survive but thrive. Here are the most important steps you should take now, in June, to finish the year strong.
Many small business owners wait until December or January to review their numbers, but that’s a mistake. According to the Small Business Administration (SBA), about 20% of new businesses fail in their first year, and 50% don’t make it to five years. One of the main reasons is a lack of financial planning.
But there’s good news: Hispanic businesses are growing faster than ever. According to the Stanford Latino Entrepreneurship Initiative, there are more than 5 million Latino businesses in the United States, generating over $800 billion in annual revenue. If your business is among them, you need to protect it and help it grow wisely.
Sit down with your receipts, bank statements, and any sales records you have. If you work in construction, cleaning, landscaping, food trucks, or any other trade, you need to know:
If you don’t keep organized records, start now. It can be as simple as a notebook or a free app on your phone. The important thing is to have clarity.
Here’s something important: if you’re self-employed, no one is withholding taxes from your check. That means YOU are responsible for saving that money.
The IRS (Internal Revenue Service) expects you to make estimated payments each quarter if you expect to owe $1,000 or more in taxes. According to IRS data from 2025, millions of self-employed workers pay penalties each year for not making these payments on time.
What you should do now:Do you have liability insurance for your business? Commercial auto insurance if you use your vehicle for work?
According to the National Association of Insurance Commissioners, 40% of small businesses don’t have adequate insurance. This can be devastating if someone gets hurt on your property, if you cause an accident while working, or if someone sues you.
Summer is peak season for many trades (construction, landscaping, pool cleaning). More work means more risk. Make sure you’re protected.
If you have employees, make sure all their documents are up to date. If you yourself are in the process of adjusting status, renewing your work permit, or applying for residency, check the dates.
USCIS (U.S. Citizenship and Immigration Services) data shows that processing times have varied significantly in recent years. Don’t wait until the last minute.
If you need help with:We can guide you through the process.
Many small businesses start informally: you help a neighbor, then another, and suddenly you have regular clients. But if you’re generating income, you need to be registered.
According to the Census Bureau, Florida has one of the highest rates of Hispanic business growth in the country. Formalizing your business isn’t complicated and has important benefits:
Advantages of registering your business:At La Familia Multiservices we help you with:
Are your prices still competitive but profitable? Inflation has affected the cost of materials, gas, and services.
According to the Bureau of Labor Statistics, operating costs for small businesses have increased about 3.2% annually in recent years. If you haven’t adjusted your prices since you started, you’re probably losing money.
Ask yourself:Don’t be afraid to adjust prices. Customers understand that costs go up.
Depending on your industry, the coming months may be your busy or slow season.
If you have a busy season (July-December):If your business is doing well and you’re considering investing, the real estate market in Florida remains attractive, especially for investment properties.
According to the Florida Realtors Association, Florida’s real estate market remains active, with the Central Florida region being one of the most dynamic in the state.
Consider this:At La Familia Multiservices we also help with real estate consultations and can connect you with trusted professionals.
It may seem too early to think about next year’s taxes, but believe me: those who prepare now have less stress in March and April.
Actions to take now:According to the IRS, the average self-employed taxpayer leaves about $3,000 in deductions on the table each year by not keeping good records.
You don’t have to do all this alone. At La Familia Multiservices we’re here to help you with:
Tax Services:The success of your business isn’t a matter of luck. It’s the result of planning, organization, and making the right decisions at the right time.
June 2026 is your moment to pause, evaluate where you are, and prepare for a successful second half of the year. It doesn’t matter if your business is small or just starting out. Every big business started small.
The Latino community in Florida is growing and thriving. Your business can be part of that success story.
Need help with any of these steps?Visit us at www.lafamiliamultiservices.com or call us for a consultation. We’re here to help your business not just survive, but thrive.
Remember: the best time to prepare was yesterday. The second best time is now.
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