Forget January tax mayhem and focus on financial planning
As you all know we had a big push to make our January; and that of our client’s, so very different many others who might be scrambling around looking for paperwork and panicking over what tax is due and whether they can afford it.
One final comment on the note of tax returns; watch out for the change in penalty structure kicking in very soon whereby more information can be found here.
We want you to look forward towards the end of the current tax year so are thinking of 5 April 2022 and putting our efforts and thoughts into focusing how we better get money out of the business for YOU rather than focusing on pleasing the tax man this month.
We’ll soon be sharing some food for thought but if you want early access and want to be ahead of the game with this exercise then get in touch with your account manager today.
Operationally
So COVID is still lingering but there is; albeit limited, still some support out there with local councils expected to see the financial support come through imminently and more information can be found here.
Ignoring COVID for a minute, when was the last time you reviewed your suppliers and considered:
- What do you need to cut
- What do you need more from i.e. ask for early payment discount or even cash back
- What do you need to spend more on to generate more value
One client alone this week has taken step 2 and will save £000’s this year as a result of one single conversation!
Those business new years resolutions already suffering?
Be it individually; or as a business, we all need routine and accountability and I’m sure we can all relate to that from a fitness perspective.
Once you have both – BOOM!
Get in touch with your accountancy manager if you want help overcoming the January blues with some very quick and easy strategies to help you do so.
P.S. They do not involve meditation though I believe that also might be useful.
