PRE ACCOUNTS DATE PLANNING

You should consider the following points prior to your accounting period ending.  Some forward planning can make the end of period process easier and could accelerate some tax relief the company will benefit from.

Pension Contributions –making payments prior to accounts date

Equipment Purchases – discretionary purchases prior to an accounts date

Dividends - to be voted prior to accounts date

Use of Home as Office Claim - should you make a claim?

Stock - do you need to schedule this?

Work in progress or invoiced in advanced - do you need to provide further details for accounts?

Interest on director loan - should you charge interest?

Loan term loans - is an agreement in place?

Director owes company - should you repay this before the accounting period?

Research and Development (R&D) - can you make a claim?

Future intentions?

Ceasing to trade?