Annual tax surprises — large unexpected bills, missed estimates, underpaid throughout year — are common in small business. Quarterly tax review with accountant or self-managed prevents them and surfaces optimisation opportunities.
What quarterly review includes
Year-to-date profit and tax position. Forecasted year-end tax bill. VAT position if registered. Specific deduction opportunities. Salary/dividend optimisation for owner-managers. Cash position to cover tax due.
Why this beats annual review
Surprises eliminated. Time to act on optimisations. Cash flow planning improved. Quarterly cadence catches drift before it becomes problem.
Most small businesses benefit from accountant review at minimum quarterly. The fees pay for themselves through identified optimisations and avoided surprises.