![\"HMRC](\"https:\/\/www.tantolabels.com\/blog\/wp-content\/uploads\/2019\/12\/hmrc-guide.jpg\")
<\/a><\/p>\nWhat Information Do You Need Exactly?<\/strong><\/h2>\nYour yearly tax return to HMRC is a comprehensive report on the financial position of your business. It must include all monies in and out \u2013 profit and loss from your product or service, staff costs (wages and insurance), and overheads like electricity, phone, broadband and rent.<\/p>\n
All assets such as stock and machinery must also be included, and any money owing \u2013 for example, company loans or outstanding payments from customers.<\/p>\n
HMRC have all sorts of guides to help you, so check out the website.<\/a><\/p>\nStart with a Plan<\/strong><\/h2>\nGathering all this together at the last minute and doing it accurately is a stressful nightmare, and it distracts you from the important business of running and growing your company. To avoid this, make a plan at the start of the new financial year and stick to it. This will help you to keep an eye on all expenditures as you go along.<\/p>\n
Set aside some time to double-check your accounts are up to date. Do this at regular intervals throughout the year. In fact, put this in your diary. Yes, it sounds tedious and time-consuming but if it\u2019s done frequently it may well be quicker than you think.<\/p>\n
Involve Your Staff<\/strong><\/h2>\nIf you have staff they should be fully involved in year-end planning \u2013 even if you don\u2019t have many of them. It isn\u2019t just a task for your accountant, bookkeeper or yourself. Encourage staff to chase suppliers for payments, log their expenses regularly, be mindful of expenditure and complete orders on time.<\/p>\n
If everyone in the business is regularly involved in year-end preparations, you\u2019ll avoid a great deal of the stress that comes with the last minute January panic. Even if you\u2019re a sole trader it\u2019s worth making time to check everything is up to date. Just remind yourself that leaving it until the last minute always turns out to be a false economy.<\/p>\n
Ongoing Housekeeping<\/strong><\/h2>\nReceipts, expense claims, orders, invoices and statements should all be stored in the right files as soon as they\u2019re created. This applies to hard copies and online documents. Even if you\u2019re a sole trader, the days of dumping paper receipts in a shoebox should be long gone. This enables you to keep everything on track, and if HMRC has any queries you\u2019ll know where to find the answers at once.<\/p>\n
Barcodes Keep Everything in Order<\/strong><\/h2>\nBarcodes aren\u2019t just a way of managing the product stock in your warehouse. Barcodes on invoices can be customer-specific.<\/a> This allows you to track payments and ensure they go to the correct account. By running a quick report (with the right software) you\u2019ll instantly see where the money is, or where it\u2019s still owing.<\/p>\nTanto Labels Are Here to Help<\/strong><\/h2>\nLook no further for plain or barcode labels or label printing software.<\/a> The friendly folk at Tanto Labels will help you find the best solution for your business. Contact us today.<\/a><\/p>\n<\/a><\/a><\/a><\/a><\/div><\/a><\/a><\/a><\/a><\/div>","protected":false},"excerpt":{"rendered":"Preparing for the end of the financial year is always an alarming prospect. When you\u2019re busy with the daily nitty-gritty, it\u2019s tempting to leave the tedious accounting stuff for another day. Then, before you know it, January happens… Fortunately, with a little thought and planning (and a certain degree of discipline!) it is possible to keep your accounts up to date as you go along. This may seem like a daunting task, especially if you\u2019re a small business or sole trader and you do everything yourself. Fear not, here is our handy guide to ease the pain and stop you from running around screaming every January. What Information Do You Need Exactly? Your yearly tax return to HMRC is a comprehensive report on the financial position of your business. It must include all monies in and out \u2013 profit and loss from your product or service, staff costs (wages and insurance), and overheads like electricity, phone, broadband and rent. All assets such as stock and machinery must also be included, and any money owing \u2013 for example, company loans or outstanding payments from customers. HMRC have all sorts of guides to help you, so check out the website. Start with […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-1326","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":3,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":1331,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions\/1331"}],"wp:attachment":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Start with a Plan<\/strong><\/h2>\nGathering all this together at the last minute and doing it accurately is a stressful nightmare, and it distracts you from the important business of running and growing your company. To avoid this, make a plan at the start of the new financial year and stick to it. This will help you to keep an eye on all expenditures as you go along.<\/p>\n
Set aside some time to double-check your accounts are up to date. Do this at regular intervals throughout the year. In fact, put this in your diary. Yes, it sounds tedious and time-consuming but if it\u2019s done frequently it may well be quicker than you think.<\/p>\n
Involve Your Staff<\/strong><\/h2>\nIf you have staff they should be fully involved in year-end planning \u2013 even if you don\u2019t have many of them. It isn\u2019t just a task for your accountant, bookkeeper or yourself. Encourage staff to chase suppliers for payments, log their expenses regularly, be mindful of expenditure and complete orders on time.<\/p>\n
If everyone in the business is regularly involved in year-end preparations, you\u2019ll avoid a great deal of the stress that comes with the last minute January panic. Even if you\u2019re a sole trader it\u2019s worth making time to check everything is up to date. Just remind yourself that leaving it until the last minute always turns out to be a false economy.<\/p>\n
Ongoing Housekeeping<\/strong><\/h2>\nReceipts, expense claims, orders, invoices and statements should all be stored in the right files as soon as they\u2019re created. This applies to hard copies and online documents. Even if you\u2019re a sole trader, the days of dumping paper receipts in a shoebox should be long gone. This enables you to keep everything on track, and if HMRC has any queries you\u2019ll know where to find the answers at once.<\/p>\n
Barcodes Keep Everything in Order<\/strong><\/h2>\nBarcodes aren\u2019t just a way of managing the product stock in your warehouse. Barcodes on invoices can be customer-specific.<\/a> This allows you to track payments and ensure they go to the correct account. By running a quick report (with the right software) you\u2019ll instantly see where the money is, or where it\u2019s still owing.<\/p>\nTanto Labels Are Here to Help<\/strong><\/h2>\nLook no further for plain or barcode labels or label printing software.<\/a> The friendly folk at Tanto Labels will help you find the best solution for your business. Contact us today.<\/a><\/p>\n<\/a><\/a><\/a><\/a><\/div><\/a><\/a><\/a><\/a><\/div>","protected":false},"excerpt":{"rendered":"Preparing for the end of the financial year is always an alarming prospect. When you\u2019re busy with the daily nitty-gritty, it\u2019s tempting to leave the tedious accounting stuff for another day. Then, before you know it, January happens… Fortunately, with a little thought and planning (and a certain degree of discipline!) it is possible to keep your accounts up to date as you go along. This may seem like a daunting task, especially if you\u2019re a small business or sole trader and you do everything yourself. Fear not, here is our handy guide to ease the pain and stop you from running around screaming every January. What Information Do You Need Exactly? Your yearly tax return to HMRC is a comprehensive report on the financial position of your business. It must include all monies in and out \u2013 profit and loss from your product or service, staff costs (wages and insurance), and overheads like electricity, phone, broadband and rent. All assets such as stock and machinery must also be included, and any money owing \u2013 for example, company loans or outstanding payments from customers. HMRC have all sorts of guides to help you, so check out the website. Start with […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-1326","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":3,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":1331,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions\/1331"}],"wp:attachment":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
If you have staff they should be fully involved in year-end planning \u2013 even if you don\u2019t have many of them. It isn\u2019t just a task for your accountant, bookkeeper or yourself. Encourage staff to chase suppliers for payments, log their expenses regularly, be mindful of expenditure and complete orders on time.<\/p>\n
If everyone in the business is regularly involved in year-end preparations, you\u2019ll avoid a great deal of the stress that comes with the last minute January panic. Even if you\u2019re a sole trader it\u2019s worth making time to check everything is up to date. Just remind yourself that leaving it until the last minute always turns out to be a false economy.<\/p>\n
Ongoing Housekeeping<\/strong><\/h2>\nReceipts, expense claims, orders, invoices and statements should all be stored in the right files as soon as they\u2019re created. This applies to hard copies and online documents. Even if you\u2019re a sole trader, the days of dumping paper receipts in a shoebox should be long gone. This enables you to keep everything on track, and if HMRC has any queries you\u2019ll know where to find the answers at once.<\/p>\n
Barcodes Keep Everything in Order<\/strong><\/h2>\nBarcodes aren\u2019t just a way of managing the product stock in your warehouse. Barcodes on invoices can be customer-specific.<\/a> This allows you to track payments and ensure they go to the correct account. By running a quick report (with the right software) you\u2019ll instantly see where the money is, or where it\u2019s still owing.<\/p>\nTanto Labels Are Here to Help<\/strong><\/h2>\nLook no further for plain or barcode labels or label printing software.<\/a> The friendly folk at Tanto Labels will help you find the best solution for your business. Contact us today.<\/a><\/p>\n<\/a><\/a><\/a><\/a><\/div><\/a><\/a><\/a><\/a><\/div>","protected":false},"excerpt":{"rendered":"Preparing for the end of the financial year is always an alarming prospect. When you\u2019re busy with the daily nitty-gritty, it\u2019s tempting to leave the tedious accounting stuff for another day. Then, before you know it, January happens… Fortunately, with a little thought and planning (and a certain degree of discipline!) it is possible to keep your accounts up to date as you go along. This may seem like a daunting task, especially if you\u2019re a small business or sole trader and you do everything yourself. Fear not, here is our handy guide to ease the pain and stop you from running around screaming every January. What Information Do You Need Exactly? Your yearly tax return to HMRC is a comprehensive report on the financial position of your business. It must include all monies in and out \u2013 profit and loss from your product or service, staff costs (wages and insurance), and overheads like electricity, phone, broadband and rent. All assets such as stock and machinery must also be included, and any money owing \u2013 for example, company loans or outstanding payments from customers. HMRC have all sorts of guides to help you, so check out the website. Start with […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-1326","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":3,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":1331,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions\/1331"}],"wp:attachment":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Barcodes aren\u2019t just a way of managing the product stock in your warehouse. Barcodes on invoices can be customer-specific.<\/a> This allows you to track payments and ensure they go to the correct account. By running a quick report (with the right software) you\u2019ll instantly see where the money is, or where it\u2019s still owing.<\/p>\n Look no further for plain or barcode labels or label printing software.<\/a> The friendly folk at Tanto Labels will help you find the best solution for your business. Contact us today.<\/a><\/p>\n Preparing for the end of the financial year is always an alarming prospect. When you\u2019re busy with the daily nitty-gritty, it\u2019s tempting to leave the tedious accounting stuff for another day. Then, before you know it, January happens… Fortunately, with a little thought and planning (and a certain degree of discipline!) it is possible to keep your accounts up to date as you go along. This may seem like a daunting task, especially if you\u2019re a small business or sole trader and you do everything yourself. Fear not, here is our handy guide to ease the pain and stop you from running around screaming every January. What Information Do You Need Exactly? Your yearly tax return to HMRC is a comprehensive report on the financial position of your business. It must include all monies in and out \u2013 profit and loss from your product or service, staff costs (wages and insurance), and overheads like electricity, phone, broadband and rent. All assets such as stock and machinery must also be included, and any money owing \u2013 for example, company loans or outstanding payments from customers. HMRC have all sorts of guides to help you, so check out the website. Start with […]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":["post-1326","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":3,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":1331,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/posts\/1326\/revisions\/1331"}],"wp:attachment":[{"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tantolabels.com\/blog\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Tanto Labels Are Here to Help<\/strong><\/h2>\n