Opinion

 Don’t forget to include your assets

Looking after the financial side of a business can become incredibly time consuming and stressful, especially if numbers are not your strong point. It is important that you are aware of all of the key financial dates for your business including the deadline for filing your year end accounts,your self assessment reporting and your VAT reporting schedule. In order to comply with your business financial regulations and to take some of the stress away from yourself, you might want to look at using an Accountants Chippenham way such as Chippendale and Clark to do this for you.

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One area that people, who completed their own accounts, often forget is to include any assets that your business has. This can include everything from a company vehicle through to computer equipment and any specialist items that you have. Assets need to be included in an asset register and subject to depreciation each year. This is a calculation that your chosen accountant can make for you and ensure it is completed correctly for the lifetime of your equipment.

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As well as helping with your assets, an accountant will also make sure that you are claiming all the expenses that you are entitled to, such as a working from home allowance if this applies to you through any costs for marketing and advertising your business.

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