Organise your records, ensuring all income and expenses are accurately recorded. Whether that is in your accounting system such as Xero or a spreadsheet.
Review your expenses, making sure you haven’t missed anything such as home office, mileage or training costs.
Prepare for tax deadlines:
If you have scope prior to your year-end to purchase any assets for the business or to make a pension contribution.
Have you set aside enough money to pay your taxes? It’s a great idea to have a tax savings account.
Are there any tax credits or reliefs available? E.g. R&D tax credits, business rates relief.
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