BETHEBOSS: How to end your financial year smoothly
For many the end of the financial year is a daunting thought. Listed below are tips on how to have a stress-free end of financial year.
1. CONSISTENCY IS KEY
A consistent, routine work method throughout the year can prevent any major tax disasters.
2. GET AN ACCOUNTANT
Make sure you have an accountant experienced in tax who can guide you through any confusions and avoid any mistakes.
3. PLAN FOR YOUR END OF YEAR
Look at your last year and review your profits and losses. This can not only help you predict where you will be at the upcoming financial end of year, but also help you find ways to make sure it will be as good as it can.
4. DON’T LEAVE IT TO THE LAST MINUTE
No good will ever come of leaving everything to the last minute. When it comes to tax think ‘Slow and steady wins the race’ / ‘The early bird catches the worms’