What's the Best Time of Year to Start Working With an Accountant?
Many business owners and taxpayers only contact an accountant when a deadline is approaching. While an accountant can help at any stage, the best time to start working with one is before you need them.
By engaging an accountant early, you can benefit from proactive tax planning, better financial management, and fewer last-minute surprises.
The Best Times to Engage an Accountant
At the Start of the Tax Year
The UK tax year begins on 6 April, making this an ideal time to review your finances and plan ahead. An accountant can help you make the most of available tax allowances, structure your income efficiently, and create a strategy for the year ahead.
Before Major Tax Deadlines
Waiting until January for your Self Assessment return or just before a VAT deadline can limit your options. Working with an accountant throughout the year allows time to identify tax-saving opportunities and avoid unnecessary penalties.
Before Your Company Year End
For limited companies, one of the most important times to speak with an accountant is several months before your financial year end.
Once the year end has passed, many tax planning opportunities may no longer be available. By reviewing your position in advance, your accountant can advise on:
Director salaries and dividends
Pension contributions
Capital expenditure
Corporation Tax planning
Cash flow and profit forecasting
For example, if your company has a 31 March year end, it's often beneficial to start planning during January or February rather than after the year has ended.
Why Early Planning Matters
The biggest tax savings and business improvements usually come from planning ahead, not from preparing accounts after the event.
Whether you're self-employed, a landlord, or a limited company director, regular contact with your accountant can help you:
Reduce tax liabilities
Stay compliant with HMRC
Improve cash flow
Make better business decisions
Avoid last-minute stress
Final Thoughts
The best time to start working with an accountant is as early as possible. Rather than viewing your accountant as someone who files tax returns once a year, think of them as a year-round adviser who can help you plan, grow, and protect your finances.
If you're considering changing accountants or appointing one for the first time, don't wait until a deadline is looming. The earlier you seek advice, the more value an accountant can provide.
