The world has once again been turned upside down by a third national lockdown. As a busines owner you may be starting to question why you do what you do and whether your business can make it through a possible recession. But you probably don’t know what money you’d need to have in pensions and investments to enable you to just walk away or how quickly your finances will return to their previous glory (and grow further).This is exactly why, even if you don’t usually have pre year-end meeting, you need one this year.This pandemic has certainly taken away a lot of our control as business owners. Meeting with us before reaching your year-end (typically 4-10 weeks before) 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.Other key benefits of having a pre year-end meeting include:Ensuring your year-end runs smoothly, including agreeing a timetable if required for funding, tenders or to improve credit ratingYou have plenty of warning of expected tax liabilitiesUnderstanding how accounts will be viewed by outside world for things like credit rating, mortgage purposes, finance, or business saleDiscussing ways to mitigate your tax liabilitiesReviewing timing of dividendsChecking whether you may be able to claim any reliefs e.g., R&D tax creditDiscussing and overcoming ussies to put you in the best tax and financial position for the current year and nextStrategic planning – identifying areas improvements are needed, limiting factors for growth etc.To read more about the value of a pre year-end meeting, head over to our article at the button below. Or email enquiries@a4g-llp.co.uk to book your meeting with one of our advisers today.Don’t just leave it there: Some of our best clients don’t just have a pre year-end meeting, they have quarterly management accounts and commentary prepared by us for discussion. 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. The Value of Pre Year-End Meetings Contact me today!Emma WhiteFCAPartner01474 853856emma.white@a4g-llp.co.uk Send me a message Ask me a questionFill in your details below and I’ll come back to as soon as I can! If your enquiry is more urgent, please do give me a call. Your full name*Contact no.*Email address* Business name*Industry / Profession*Your messageOne last thing...*By ticking this box you agree to being contacted via email or phone by one of our Advisers, and for the information you provide us with to be kept securely for future communications in line with the new GDPR Yes, I agree Share this articleOther posts of interest 4th May 2016When things go wrong Read more 5th March 2018What do I call my company? Read more 1st November 2022HMRC introduce new VAT penalty and interest rules in 2023 Read more See more articles