Q2 2025 Financial Checklist for Solopreneurs: 10 Tasks You Should Be Doing Right Now

As a solopreneur, your to-do list never ends — but your finances deserve a spot at the top of it. With Q2 2025 in full swing, now is the perfect time to check in on your goals, optimize your money moves, and prepare for the months ahead.

This quarterly checklist breaks down what to focus on now to stay ahead financially and avoid surprises down the road. Whether you're a consultant, freelancer, creative, or small business owner, this guide is built for you.

10 Q2 2025 Financial Planning Tasks for Solopreneurs

1. Review Q1 Revenue & Expenses

Take a close look at what came in and what went out in Q1. This helps you:

• Spot cash flow gaps

• Identify high-cost vendors or subscriptions

• Adjust your pricing or packages

Pro Tip: Use a tool like QuickBooks or Wave to generate profit & loss reports in seconds.

2. Set (or Refine) Your Q2 Revenue Goals

Now that Q1 is behind you, set realistic but growth-oriented targets for Q2. Consider:

• New client acquisition goals

• Seasonal trends in your industry

• How much you want to pay yourself

  
  

3. Check Estimated Taxes for Q2

The next quarterly tax deadline is June 17, 2025.

Review:

• How much you paid for Q1

• Whether income has changed or will change

• If you need to increase or reduce your Q2 estimated tax payment

Be sure to review any and all tax related payments and questions with your accountant.

4. Reassess Your Retirement Accounts and Contributions

If you're contributing to a SEP IRA, Solo 401(k), or other retirement accounts:

• Are you able to increase your monthly contribution in Q2? (that is if you are contributing monthly)

• Have you opened the right type of account for your income level?

• Review your risk tolerance, goals and objectives. Has anything changed?

5. Audit Your Business Subscriptions

Go through tools, apps, and platforms:

• Are you still using them?

• Are there cheaper alternatives?

• Can any be downgraded or canceled?

Small leaks sink big ships — plug them now.

6. Review Pricing and Offer Packages

Q2 is a great time to:

• Test new pricing

• Sunset outdated offers

• Bundle services for higher ticket value

Clients often reevaluate budgets in Q2 — meet them where they are with clear, valuable offers.

7. Check on Your Emergency Fund

Economic uncertainty is high in 2025. If your buffer is below 3-6 months of expenses, consider:

• Setting aside some of your profit

• Cutting some costs

• Holding off on big purchases

8. Optimize for Tax Deductions Early

Get proactive about deductions before year-end:

• Track home office use, mileage, meals, equipment

• Categorize every expense (don’t wait!)

• Consider a bookkeeping clean-up session with a pro

9. Update Your Business Insurance

If your revenue, services, or team have changed, your policy might need an update. Review:

• Professional liability coverage

• Cybersecurity or data loss protection

• Health insurance premiums and savings options (like HSAs)

10. Book a Mid-Year Planning Session

Even if you DIY most of your finances, a 30-minute consult with a financial advisor can help you get on the right track. Click below to schedule a complimentary consultation to review your financial goals and progress with a financial advisor.

Schedule Your Complimentary Consultation

Wrapping Up Your Q2 Solopreneur Financial Checklist

Quarterly check-ins aren’t just about looking back — they’re your chance to pivot and grow smarter. With our Q2 Solopreneur Financial Checklist, this can help you stay on track, reduce financial stress, and build the business (and life) you really want.

HunterRIDGE Wealth Management is Long Island's premier wealth management firm. From growing wealth to planning for retirement, we are with you every step of the way. To learn more about how we work with our clients and our planning process click here. 

For educational purposes only. Not to be relied upon as financial, tax, or legal advice. 

This information was obtained from sources believed to be reliable, we do not guarantee its accuracy, completeness, or fairness. We have relied upon and assumed without independent verification the accuracy of all information available from public sources.