‘How To’ Coaching series – Activity 45

Who controls your financials?

Chapter 2 – Financial Control – Rule your money

This is part of the ‘How to’ coaching series.  An ongoing series of activities to make your business successful.  Follow it step by step and see positive results as you develop a robust business model, set on a solid foundation.

Activity 45 – My quarterly and annual filings are on time each quarter

Do you run an organised business and get your filings done on time?  Why would it matter if you were late?

For a start, it may well cost you quite a bit in fines from HMRC.

The more important thing is that it would indicate to me, or anyone else looking, that you are not in charge, or on top of, running your business.

When you have a well organised business, you and your team can concentrate on the income generating tasks.

The HowTo bit:

It may seem ridiculously simplistic to say, schedule the actions to get your returns back on time, in your diary.  But in reality, that should be all it takes.

I put trigger dates in my diary for all my bookkeeping and accountant related tasks.  I make sure that my accountant has all my financials in plenty of time for them to get the filing done.

Make sure your accountant has arranged, and carried out, the filings.  That way you won’t get caught out.  Even though you have an accountant, in the eyes of HMRC, it is the business owner who is responsible for making the filings on time.

If you would like to find out about getting your business organised, Contact Us

About alexpettybiz

We educate and inspire business owners to realise the potential in themselves and their business. The way we do it is to help make businesses easier to run, more profitable and more fun. We believe in coaching at every opportunity to help business owners succeed. What can we do for you?
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.