Here’s an old joke, but it’s relevant…  A man stands in a field, watching a hot air balloon descend towards him.  The balloon halts three feet from the ground and the passenger in the balloon shouts down, “Hello!  Where am I”?

The man in field answers, “In a hot air balloon, three feet above a field”

To which the passenger replies, “You must be an accountant, because that information, while factually accurate, is of no bloody use to anyone!”

Your company income tax bill needs to be paid 9 months after the company year end.

The returns needs to be submitted within 12 months after the companies end of year.

It is always a good idea to be prepared and to get your accounts prepared and financials approved as soon as possible.

Do you have a limited company (registered in the UK) and want to draw money out of the company?

In our profession there is on much emphasis on the word ethics and how important it is to be ethical.  This is understandable after all the terrible things that have happened in the corporate and government environment lately and the constant fight for fairness and justice.

I was recently challenged in this regard and the one thing that showed me the way was Anlo’s amazing team, what we have built up over the year as a company and my professional standards.

First thing in the morning I check my emails and respond. I then start processing the bank statement and the petty cash of all my clients. If I don’t know where to allocate the transaction (sometimes on the bank statement the description for payments are not clear), I set up a list of queries for the client to tell me what the transaction was for. This is very important because it can affect the VAT allocations or the income statement/balance sheet.