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Year-End Accounts Checklist: Avoid Mistakes and Save Time

Year-end is a stressful time for small business owners. Missing deadlines or filing inaccurate accounts can lead to penalties. Here’s how to stay on track.

Common Mistakes Businesses Make

  • Missing expense claims
  • Poor record keeping
  • Forgetting to reconcile bank accounts

  • HMRC Penalties for Mistakes

  • Late filing = fines and interest.
  • Wrong submissions = investigations and penalties.

  • How to Prepare for Year-End Smoothly

  • Keep monthly reconciliations.
  • Use cloud accounting to track income & expenses.
  • Work with your accountant early — not at the last minute.
  • Save time and avoid stress — Meer & Co can handle your year-end accounts so you stay compliant.