If your business is already linked to us through your online accounting platform (like Xero), the good news is that we already have most of this data. However, we’ll still need the following information for each of your businesses:
Do you work from home? If so, we’ll also need some information about:
It’s also helpful if you can completely reconcile your accounts. If you’re stuck with a tricky refund, part payment or other anomaly, just get in touch and we can sort you out.
Having all the necessary information helps us look closely at your accounts and make sure you’re not paying too much tax. For instance, if we don’t know about your expenses, we won’t be able to offset them against your income, so you’ll pay more tax than required.
On the flipside, you may also have paid too much provisional tax during the year if your business had a tough time. Getting all your information together means we can apply for a refund if you’ve overpaid, and adjust your provisional tax depending on your expectations.
It’s also helpful to have your annual accounts completed so you can analyse how your business performed. You can compare it to previous years and think about what’s working, and what isn’t, so you can make better decisions for the year ahead.
One last note – although you may not read your accounts with a fine-toothed comb, we do! It takes considerable time, attention and energy to turn your massive pile of paperwork into accurate annual accounts.
We’re happy to provide you with an update on how we’re getting along, so feel free to ask at any time.
For questions, clarification or assistance, just drop us a note or give us a call, we’re here to help.