You Think You Have £100,000. You Don't. Why a Pre-Year End Meeting Changes Everything

You have £100,000 sitting in the bank. You think the business is doing well. Then you find out that £50,000 of it is owed for VAT, another £30,000 for corporation tax, and you are left with £20,000 to work with. That is not an unusual situation. It is an entirely avoidable one. In this final Business Success Conversation of the series, Michael Carthy asks Lucy, Adam, and Edith the same question: what is the single most important reason to have a pre-year end meeting? Three accountants. Three different answers. All of them worth hearing. Lucy: the tax planning benefits, making sure investments and pension payments happen before the year end closes. Adam: the opportunity to reflect on personal and business goals, to check whether you are on track and what it would take to get there. Edith: making sure there are no nasty surprises, knowing exactly what you have and what is already spoken for. Together they make the most compelling case for why this one meeting, held at the right time, can change the way a business owner feels about their finances for the rest of the year. Read the full article: carthyaccountants.co.uk/three-reasons-pre-year-end-meeting Download the Business Success Playbook (free): carthyaccountants.co.uk/downloads Carthy Accountants are based in Stafford and work with business owners across the UK who want more than compliance. We help you understand your numbers, plan ahead, and get the business you want. Subscribe for weekly Business Success Conversations covering the real challenges business owners face and practical advice on how to solve them. Get in touch: carthyaccountants.co.uk/contact 01785 248939 [email protected] www.carthyaccountants.co.uk #PreYearEnd #TaxPlanning #SmallBusiness #Accountant #UKBusiness #Stafford #BusinessGoals #CorporationTax #CarthyAccountants #BusinessSuccess #NoSurprises #VAT