How to prepare for your Annual Tax Efficiency Review
What to do to maximise the benefit of your review
A small amount of preparation before your Annual Tax Efficiency Review makes the recommendations more relevant and actionable.
Before the review
- Ensure your Xero is up to date and reconciled so we are reviewing accurate figures
- Think about any significant changes planned in the coming year: hiring employees, large asset purchases, changes in turnover, or plans to wind down or sell
- Note any personal financial changes: a new mortgage, a pension you have started, an inheritance, or a change in family circumstances
- Review your current salary and dividend levels and whether these still feel right for your personal income needs
No preparation required
You do not need to prepare any documents or calculations. We pull the relevant figures from your Xero account and our own records. Your job is simply to tell us about anything that has changed or is likely to change that we might not already know about.
💡 Good to know: The more openly you share your plans and personal circumstances with us, the more targeted the recommendations will be. There is nothing too small to mention, what seems like a personal detail often has a tax implication we can help with.
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