Skip to main content

Well not exactly…..but it is fast on the approach. Things are looking up. The Government have announced that we’ve hopefully passed the peak and the conversation has started towards the slow process of unlocking the economy and the next stages visa vie the new reality for social life in Britain. But we’ve already heard this, so why mark the occasion?

I spoke with a friend this morning who couldn’t have been more excited about the fact that today was the 1st of May; that spring was coming to a close and summer was on its way. It seemed an odd reaction with the lockdown, but his view was that now is the time to get the house in order and form good new habits, then, when lockdown is over, he has all the boring jobs out the way and more time to spend in the sea. So, how does this fit with business and accounting?

Get the house in order

We have not long passed one of the more important dates in the accounting calendar – the end of the 2019/20 tax year on the 5th April. We’ve also passed one of the more common year end dates for Limited companies, the end of March. You’d be amazed how many people – and I’m talking nationwide, not clients- leave these things to the last minute. Last year over 3 million people still hadn’t completed their tax return with only a week to go to the deadline.

So why not use this time, trapped inside, to get these tasks out the way and bank that free time for a later date, when we can run around outside again freely? Feel free to get in touch with your account manager to discuss this further.

Form a new habit

How many times have you said to yourself, “If I just had the time, I’d….”. Well guess what, now you have the time. We’ve heard from a few clients, who are using this time to get on top of the processes behind their business and getting them dialled. I spoke to someone the other day who spent a whole weekend getting his records scanned in and ordered. Boring as it was, he’s now got on top of those boxes of receipts and has got a system in place using 1tap receipts going forward.

So why not make the most of these last days of spring and get ready for the summer. Sure it might be a strange one with all of what’s going on at the moment. But hopefully, if we get the boring stuff out the way and on to good new habits now, we’ll have more time in the sunshine when it does turn up. And as they sing at the Padstow ‘Obby Oss’ Festival:

With the merry ring, adieu the merry spring,
For summer is acome unto day,

Have a good weekend guys!