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Pre-Year End Considerations

Before your accounting period is complete, you may want to review the following considerations for some tax-saving advice.

01 Capital equipment purchases

  • Consider bringing forward any planned capital equipment purchases before your period end to accelerate corporation tax relief.

02 Company pension contributions

  • Consider making company pension contributions before your period end to accelerate corporation tax relief.

03 Bookkeeping and software

  • If you do your own bookkeeping, start bringing everything up to date for the period, e.g. software reconciliations, checking all your bank/ credit card statements are available, as well as supplier statements.

04 Debtors

  • Review any debtors and chase any monies owed.

05 Creditors

  • Review any creditors and make payments as necessary.

06 Expenses Paid Privately

  • Collate any expenses not already included in your books and records (e.g. business mileage not already reimbursed).

 

If you would like to discuss anything before your accounting period ends then please contact us.

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