Month: October 2020

The information you need to supply to your accountant

When it comes to the time your tax return is due and the deadline is fast approaching, it can be a frantic dash to the accountants with bags of receipts. Your accountant will not thank for this! However if you are  filing taxes online for free then you will still need the same documentation. To make life easier for both you and your accountant, here are the records they will need to create your accounts and tax return: 

Accounts – Your accountant will require all business account statements for the entire tax period, which lasts from April 6 the previous year. You most likely have a primary account, but if you also have a backup or a deposit account, they’ll need a statement for them as well, to follow every move between accounts.

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Statements of any loans you have will also be required. It’s worth getting the balance …

How to become a more effective financial advisor

1. Stay visible

Setting up a system for regular professional communication and social media posts to remain visible to your clients is very important. Consider automated approaches such as software packages to make it easier to do this without spending hours on social media posts and content. For IFA back office software, go to https://www.intelliflo.com/financial-adviser-software

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2. Knowing your clients and prospective clients

If you have not already done so, link up with your clients and partners on social media sites. When you do this, you’ll have deeper connection and are invited into their daily conversation. The more you know people, the better you will be able to serve them.

3. Concentrate on a niche

Aiming for a niche will provide you with certain clients, such as technology startups, and this can have many advantages for your business. It will make finding new prospects child’s play. You can also …