We all tend to think of our hard-working business accountant as HMRC deadlines approach, but what do they do during the quieter months of the summer? These are some of the tasks they’re likely to be busying themselves with.
Preparation for the Next Tax Season
Cheltenham accountants such as www.randall-payne.co.uk/services/accountancy/cheltenham-accountants/ will use the quiet season to start preparing for the start of the next tax season in spring. They’ll review their clients’ files, refine the bookkeeping system, check that documentation is in place and see what support their clients will want. This frees up vital time as tax season kicks in.
Client Check-ins
Accountants often get in touch with their clients around this time of year, checking in to review finances, provide advice and help set goals. They will work on communication and engagement to help build future business opportunities and get positive reviews.
Training
The accounting industry is always changing, and there are constantly new forms, accounting regulations and documents to get on board with as well as policy changes and new software. Accountants will usually use the summer months as a time to get up to date with everything going on in the industry and the adjustments that are needed to work in a compliant fashion. They might attend training programs, host workshops or take webinars. They may also collaborate with colleagues on a skills-share basis to learn new things.
Clearing Backlogs
As with all industries, accountants have task backlogs to clear, and they often use summer as a time to really get on top of their admin and make sure everything is completed before things get busy again.
Career Development
This is also a great time of year for accountants to consider their own career development. They might ramp up networking, consider new progression opportunities and firm up their CV in case they spot an exciting new role.
Why not get in touch with your accountant over summer and schedule that overdue catch-up? It could be a highly profitable meeting that benefits your business.
