Salon Tax Panic? Do This Before the Deadline
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Does the UK tax year end on 5th April fill you with dread? Many salon owners feel anxious, unsure what they owe or what they should have done differently. You've got 9 days to fix it.Phil Jackson shares 5 practical, immediate steps to get your salon's finances in order and sail through the tax year end with confidence.━━━━━━━━━━━━━━━━━━━━📊 RESOURCES:Get Paid Properly: getpaidproperly.com━━━━━━━━━━━━━━━━━━━━💬 WORK WITH ME:1:1 Coaching: https://buildyoursalon.com━━━━━━━━━━━━━━━━━━━━🎧 LISTEN:YouTube: https://www.youtube.com/@BuildYourSalonSpotify: https://go.philjackson.me/SpotifyApple Podcasts: https://apple.co/3MZp6jP━━━━━━━━━━━━━━━━━━━━CHAPTERS:0:00 - Introduction: Why Tax Year End Causes Stress0:50 - The Crucial Window: Why Act Before April 5th1:40 - Step 1: Update Your Income and Expenses4:10 - Step 2: Utilise Your Pension Contributions5:20 - Step 3: Check Your VAT Threshold Position6:40 - Step 4: Ensure You Are Paying Yourself Properly8:10 - Step 5: Talk to Your Accountant This Week9:20 - Setting Up for a Successful New Tax Year10:40 - How to Gain Ultimate Financial Clarity━━━━━━━━━━━━━━━━━━━━#SalonTax #TaxYearEnd #SalonFinances #BusinessAccounting #UKTax━━━━━━━━━━━━━━━━━━━━Questions? phil@buildyoursalon.comThe tax year end often brings anxiety for salon owners due to procrastination or uncertainty about their tax obligations. This episode provides timely advice and guidance to help fix these issues, emphasising that nine days can be enough time to get organised with proper tax planning. We'll cover crucial financial management strategies to ensure your small business achieves business success.