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 rating
  • You have plenty of warning of expected tax liabilities
  • Understanding how accounts will be viewed by outside world for things like credit rating, mortgage purposes, finance, or business sale
  • Discussing ways to mitigate your tax liabilities
  • Reviewing timing of dividends
  • Checking whether you may be able to claim any reliefs e.g., R&D tax credit
  • Discussing and overcoming ussies to put you in the best tax and financial position for the current year and next
  • Strategic 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 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 or 01474 853 856 or speak to your Principal Adviser.

The Value of Pre Year-End Meetings

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Emma White



01474 853856

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