Summers out and its back to business

Summers out and schools are back in. Those 6 long weeks of entertaining the children are over and it’s truly back to business. As summer comes to an end and we prepare for darker evenings, the new season is the best time to plan for your business.

The lead up to Christmas is best to note down and plan for the next couple of months. Its best to hand in your paperwork for self-assessment and year end to your accountant so that you can fully concentrate on the build up to Christmas and New Year. There will be no stress on your behalf to meet HMRC’s deadline, leaving you to focus on what matters most, your business.

Since everyone is back from holiday, it is a good opportunity to go out networking. This will build connections and get your business name out there. Meeting new people and old familiar faces will keep your business from being forgotten.

Get your cashflow and budget up to date, this will help you plan for the seasonal events to come. Having an idea of your businesses ins and outs can shape your business for the busy Christmas and New Year period. There will be a lot of people spending during this period, so make sure your business is always on its ‘A’ game.

As mentioned earlier, note your plans down, as it is better to have something written down and in front of you than in your memory. This will help you achieve your goals and remember planning is key!

It’s the end of the year and its time to enjoy and be in the Christmas spirit. It’s not long until we get to enjoy the food and drinks to last to the New Years celebrations. It is one of our favourite times of the year here at Cross Accounting. The darker evenings are given a little colour with the neighbourhood Christmas lights. While this is the time of giving and enjoying yourself, we would like to remind you of the financial aspect over the festive period.

Without trying to put out a negative mood, we do want to address the reality of credit card bills and debt and the very high interest charges they carry.

We have been speaking to a number of liquidators in the last couple of months and all have mentioned that it is this time around were people use their credit cards or store cards the most. This would make sense as we get ready to buy gifts and as the High Street stores accommodate their opening hours for the Christmas rush.

A survey by uSwitch finds that Britons borrow an average of £452 each at Christmas. Heading in to the New Year, this can cause a bit of a problem for some.

It is perfectly fine to go out and spend for loved ones and friends, but please stick to your budget. You want to end 2018 on a high and have the best possible start for the New Year.   

Let’s start the New Year in the best way possible. With positivity and new inspirations to keep both your personal life and business life in prosperity for 2019.

We would like to wish you a Merry Christmas and a prosperous 2019, from all at Cross Accounting Service.