Why You Need a Pre-Year-End Tax Meeting
Why You Need a Pre-Year-End Tax Meeting
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Show Notes
Shaz looks at why a pre-year-end meeting is so important and explains how it can be used to look at tax efficiency and what you can do to reduce possible tax payments when you get to your year-end.
He also explains how a face to face with your tax expert is about analysis and preparation for the next year to make sure you are as tax efficient as possible
KEY TAKEAWAYS
- If you want to be as tax efficient as possible you have to have a pre-year-end tax meeting
- It helps you plan in advance,
- Makes sure things are done on time every time
- Helps you to pay your tax on time
- Having deadlines for when accounts are completed and when tax needs to be paid
- You can’t plan for tax after the event
- The pre-year-end meeting is an opportunity to sit down with your accountant or tax advisor and review what the tax will be
- Pre-year-end meetings usually take place in month ten
- You can review what you can do in the last part of the year to reduce possible tax payments
- You can review your income tax and cooperation tax
- It’s about the analysis for the projections for the next year
BEST MOMENTS
‘I strongly believe you have to have a pre-year-end tax meeting’
‘Deadlines are extremely important’
‘You need to be as tax efficient as possible’
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: