FINANCIAL YEAR END AND YOUR BUSINESS
Your ultimate checklist for a relaxed holiday season!
As you prepare to close up shop for the year and enjoy a well-deserved holiday, ensure your break is stress-free by addressing these critical points. Proper planning can make all the difference.
BUSINESS CHECKLIST
- Emergency Procedures: Ensure your clients and staff know what to do in case of an emergency while you’re away. Clear procedures reduce stress and increase productivity.
- Year-End VAT and PAYE: Calculate and provide for your year-end VAT and PAYE obligations.
- Availability: If you’re the sole staff, designate specific times when you’ll be available to assist clients without disrupting your holiday.
- Insurance: Update your insurance to ensure it provides adequate cover, considering the increased risk of crime during the holiday season.
- Security Providers: Inform your security providers that you’ll be away so they can pay special attention if an alarm goes off.
PERSONAL CHECKLIST
With many opting to travel by road, ensure the following for a safe journey:
- Up-to-Date Will: Ensure your will is current.
- Vehicle Maintenance: Service your vehicle to ensure it is roadworthy and insured.
- Medical Cover: Confirm that your medical cover is in place and up to date.
Conclusion
Holidays are for relaxation and family fun, so clear your worry list and enjoy your break! You’ve worked hard all year, and you deserve a stress-free holiday.
For professional advice on year-end business preparations, contact SME.TAX.
BRIDGEMENT & SME.TAX
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Our Services:
At SME.TAX we do more than just assist clients with planning for the holidays, we are your “one stop SME shop”, assisting with everything from Accounting, Business Management, BEE, Consulting, Company Registration to Payroll and Mentoring.
For more information, please visit our website www.sme.tax or give us a call on +27 012 021 0829
