Small business accounting class 101 09/12/2011
As it nears the end of the year all of our thoughts turn that all important new years resolution:
- making sure that next years books are much better than this years ! No ? Well maybe that thought is it the back of our minds (somewhere) behind the mad panic of getting through the Christmas period shopping, going out, buying presents ........................................................ If you run a small business, the majority of you will have a 31st December year end, as that ties to the tax year end. Take the opportunity of the cut off between each years books and think about how you can help your accountant. Remember that the more you help them, the less time they spend on bashing out your numbers for the tax man, and the more time they have to give you advice. The number one lesson ................................................................. 1 Comment We all know that in business we need accounts to sort out the dreaded tax man which means a once a year visit to 'the accountant' so he can let you know the bad news.
If your usual experience with your accountant is a letter to request your books for a 'year end' a couple of years ago, more letters to chase you, a dig around to find bank statements and business papers, together with letters every now and again asking you to pay 'estimated tax' then you're not getting the best value for the fees you pay to your accountant, and so you should read more.... | About
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