This article contains useful guides to finishing the tax year 2021/22 for Sole Traders for the period 6 April 2021 (Generally this is taken as 1st April 2021) to 5 April 2022 (Generally taken as 31 March 2022) and
For Companies to the accounting period ended 31 March 2022.
In addition, we need to have a dialogue for planning from 1 April 2022 to 31 March 2023.
Business Requirements to 31 March 2022
The following information to be placed in Dropbox, as soon as possible:
A schedule of all outstanding debtors.
A schedule of all outstanding creditors.
A schedule of all Accruals (i.e. where an expense has been incurred but not invoiced by the supplier, and those who have sent invoices but are paid after 31 March).
A schedule of all Prepayments (i.e. where an expense has been incurred and billed for goods and services due after 31 March).
Closing Stock figures (no matter where situated, i.e. goods for which invoices have been received).
Bank Transactions from 1 April 2021 to 31 March 2022 (if not already provided), in a csv format.
Business Credit Card Transactions from 1 April 2021 to 31 March 2022 (if not already provided), in a csv format.
Closing Bank Statements as at 31 March 2022 for all business accounts, in a PDF format.
Mileage Claims in Boomerang.
Expense and Petty Cash Claims in Boomerang.
Identify all disbursements in Boomerang, not fully accounted for.
All transactions conducted outside the accounting records and where Avar have not been made aware of, e.g:
Use of Personal Assets for business.
Use of Home as Office.
Transfer of Personal Assets to business.
Any other transactions that you may believe are tax deductible (if unsure, speak to Avar).
All VAT accounting information to this period (where applicable).
Sole Traders Requirements to 5 April 2022
The following information to be placed in Dropbox, as soon as possible:
Business Bank Transactions from 1 April 2021 to 5 April 2022 (if not already provided), in a csv format
Business related Credit Card Transactions from 1 April 2021 to 5 April 2022 (if not already provided), in a csv format
Mileage Claims in Boomerang.
Expense and Petty Cash Claims in Boomerang.
Identify all disbursements in Boomerang, not fully accounted for.
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.