25/02/2026
My Practice is switching to weekly/monthly bookkeeping which fits well with 'Making Tax Digital Income Tax'.
Just for example......
your tax year ends 5th April 2025. You have 9 months to calculate your TAXABLE profit and file a return.
If you leave it to the last minute, you will have no idea how your business is doing until 9 months AFTER the event.
Imagine if you could have made vital changes.....like reprice, cut unnecessary expenses, rebrand..
If you have purchased an asset or taken on a member of staff, how did you know you could afford it? and it would generate profit?
What if you went over the threshold, and should have registered for VAT?
And how much should you be saving for TAX?
Not only will Monthly/Weekly bookkeeping keep you on the good side of HMRC, it will benefit your business with
☑️ Decision Making
☑️� Planning
☑️� Maintaining good Cash flow
☑️� Tracking who still owes you and gaining some control over this
☑️� Tracking what you owe
☑️ Applying for credit
I also think it is good to talk about things on a regular basis, not once a year. Working together, we tackle any queries, changes, problems when they occur.
Communication is key.