Everyone should know how their business is doing financially - most people think they do, so here's a quick quiz ...
1. Which of the following do you think about:
- Bank balance?
- Monthly take-home pay?
- Annual tax bill?
2. How often do you look at your financial accounts?
- When the bank make me?
- When my accountant does them for the tax return?
Would it surprise you, that unless your answer to #1 was "all, and more" and #2 "much more often", then you could be doing better?!
Regular accounts & forecasts are essential for proper business planning. How do you know whether you can afford take someone extra on, or need to cut costs? How can you judge trade against forecasts and prior periods? And the most important of all (!) "should you change the timing of a transaction to save tax?"!
As we get to the end of the year, isn't it time to look at your current processes & procedures, ready for a New Year's Resolution?
In the spirit of Christmas, join us for a complimentary mince pie and 1-on-1 accountancy session at one of our Manchester drop-ins - Mon 14th Dec @ Workplace, Churchgate House & Wed 16th Dec @ Red Rooms, 111 Piccadilly.
BOOK NOW - richard@mwa-accounting.co.uk / 0161 826 5259
Helping owners and managers to understand the accounting side of their businesses, I allow them to run heir business more effectively and reap the rewards. My speciality is providing financial…
