January Business Essentials

Happy new year! We’ve got some ambitious plans for 2022, providing more services tailored to your individual needs. We’ll announce these shortly, but in the meantime here’s what you need to do this month.

1.       The deadline for submitting your Self Assessment return for the year ended 5th April 2021 is 31st January. If you or your business has sold/disposed of any assets during that year, any profits made on these may qualify for Capital Gains Tax, which will need adding to your tax return.

If we do your submission, help yourself by giving us all your information asap so we can ensure you get all your expenditure entitlements.

2.      Talk to Phil Ward about any projects you’re planning this year. Depending on what it is, you may be entitled to a business grant. He also knows what grants are going to be announced shortly. Don’t miss out.

3.      Are you considering implementing project management software this year? If so, ask Shelley or Kath for advice. They both have considerable experience in implementing this and know all the potential pitfalls.

4.      Do you know what cash is moving in and out of your business? Cash flow forecasting is an essential tool for business planning. Within your forecast you should also build in possible scenarios so you can plan for any likely cash shortages and take remedial action before problems occur. For advice on cash flow forecasting and scenario planning email Dawn.

Have you got any questions? Whatever questions you have, talk to Darren or Phil. They’re always happy to talk to and advise you. Use their commercial experience to your advantage.

We’re looking forward to working with you in 2022.

The Kaizen Team

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Contact us

Kaizen Consulting
@ The Business Hub
Active+
Harpings Road
Hull
HU5 4JF
t: 01482 772261
w: kaizenconsulting.co.uk
e: dawn@kaizenconsulting.co.uk

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