year end

Managing year end deadlines

Managing year end deadlines more important than ever

As year end approaches for many small businesses, the Institute of Chartered Accountants in England and Wales (ICAEW) warns SMEs to think ahead and start planning now so they are not faced with any bombshells. Clive Lewis, Head of SME Issues at ICAEW, says: “It is essential that you build time into your workload for year-end planning. This will ensure that there are no surprises, or missed deadlines and that you have sufficient time to discuss any issues with your advisers and shareholders. These issues need to be reviewed on an ongoing basis.” The ICAEW advises that as year end approaches businesses should receive a letter from their chartered accountant reminding them of the date of their year end, requesting the necessary financial records and information, and suggesting cli... »