Having a Pre Year End Strategic Review and meeting with us before reaching your year-end is one of the most effective ways of ensuring you remain in control of your business. It will help you know where you stand with tax, profits, drawings and cash flow whilst you can still do something to change the situation in your favour.

Pre year-end strategic reviews are becoming increasingly popular and annual meetings after year-ends are becoming a thing of the past. And rightly so: Tax and business planning is vital to undertake prior to your year-end, as many planning opportunities can be missed if not discussed within the financial year. If your tax planning consists of discussing your year-end accounts with your accountant once they have been prepared then you are not planning, you are reacting!

We typically meet with our clients 4-6 weeks before your financial year-end using interim figures for the current year-to-date to project the likely profits, Corporation tax, personal tax bills etc.

Please watch our short video below which explains why a having a Pre Year End Strategic Review will help your business.

Benefits of a Pre Year End Strategic Review

Select the right option for you

We have 3 key services which will give you the support you need, depending on the needs and wants of you and your business. No matter which option you pick, each will be unique to you and your business. These meetings will cover the most important issues for you at this time, but below is an idea of what you will achieve and how we will run these meetings

 

Pre-Year End Personal Tax and Wealth Review

With this review, you will be able to:

  • Save money by paying the legal minimum amount of tax
  • Plan your cash flow for approaching tax liabilities
  • Get the most of your hard-earned cash
  • Learn how to efficiently purchase and dispose of personal assets and investments
  • Have a clear plan for retirement now to ensure you have enough to live your desired lifestyle
  • Sleep easy knowing your wealth and family are protected
  • Achieve your financial goals

In a meeting of up to 1 hour, we will:

  • Review your personal tax position including your dividends, drawings and other income
  • Estimate your personal tax liabilities
  • Review of your pensions and/or work closely with your IFA
  • Review your retirement planning
  • Consideration of your investment strategy
  • Provide a plan with clear action points

Pre-Year End Strategic Review

With this review, you will be able to do the above plus:

  • Improve your bookkeeping and management accounts
  • Improve cash flow and profitability
  • Make the business less dependent on you
  • Get the most from your employees
  • Make your business more valuable
  • Estimate your Corporation tax liability
  • Learn how to efficiently purchase new business assets
  • Access tax reliefs, including Research and Development claims

In a meeting of up to 2 hours, we will discuss the issues most important to you from the above as well as:

  • (If you do not prepare your own management accounts)
    • Review and tidy up the basic data in your accounting software
    • Prepare your management accounts prior to the meeting
    • Interpret your management accounts
  • (If you prepare your own management accounts)
    • Review the management accounts you have prepared
    • Interpret your management accounts
  • Produce a plan with clear action points

Strategic Business Planning Overview

With this review, you will be able to:

  • Identify your vision of the future of your business
  • Have a fresh review of your products and services
  • Consider the needs and wants of your customers and potential customers
  • Evaluate your systems and procedures
  • Review your own role in the business
  • Discover changes that need to be made for profitable growth

In a meeting of 3.5-6 hours (half day or full) we will:

  • Delve into what you want your business to look like in the future
  • Define where your business is today
  • Outline which performance targets you need to hit to get you there
  • Detail what you need to change as a business
  • Identify what might stop you
  • Produce a detailed strategic plan outlining the timeline, the Key Performance Indicators and an action plan for accountability

Book your strategic review now, and ensure your business is in the best tax position for the next year

If this is something you’d like to discuss and see how it would benefit your business, get in touch with our team by emailing enquiries@a4g-llp.co.uk or 01474 853 856 or speak to your Principal Adviser.

Want to find out more?

Call us on (01474) 853856 and we will put you in contact with one of our advisers, or send us an enquiry by clicking below.

Send us an enquiry

Other posts of interest

See more articles