📢 𝒀𝒆𝒂𝒓-𝑬𝒏𝒅 𝑪𝒉𝒆𝒄𝒌𝒍𝒊𝒔𝒕 𝒇𝒐𝒓 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 - 𝑻𝒂𝒙 & 𝑪𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝑷𝒓𝒊𝒐𝒓𝒊𝒕𝒊𝒆𝒔! 🚀

 📢 𝒀𝒆𝒂𝒓-𝑬𝒏𝒅 𝑪𝒉𝒆𝒄𝒌𝒍𝒊𝒔𝒕 𝒇𝒐𝒓 𝑩𝒖𝒔𝒊𝒏𝒆𝒔𝒔𝒆𝒔 – 𝑻𝒂𝒙 & 𝑪𝒐𝒎𝒑𝒍𝒊𝒂𝒏𝒄𝒆 𝑷𝒓𝒊𝒐𝒓𝒊𝒕𝒊𝒆𝒔! 🚀 

The FY 2024-25 is closing soon ⏳ this is your last chance to finalize accounts, comply with tax laws, and ensure a smooth transition into the next year! Missing key financial and tax adjustments can lead to penalties, compliance issues, and audit troubles. Here’s a must-do checklist to wrap up your year efficiently. ✅

🔍 𝐓𝐚𝐱 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 & 𝐏𝐥𝐚𝐧𝐧𝐢𝐧𝐠 📊 

✔ Pay Advance Tax & Clear Dues – Ensure your tax liability is covered to avoid interest & penalties.
✔ TDS/TCS Reconciliation – Verify tax deducted at source (TDS) against your books & Form 26AS.
✔ GST Input-Output Matching – Reconcile GST input tax credit & correct mismatches before filing returns.
✔ MSME Payments Compliance – Pay MSME vendors within 45 days to claim tax deductions.

📈 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐀𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬 & 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧𝐬 🏦

✔ Bank & Loan Reconciliation – Match OD/CC accounts with bank statements to ensure accuracy.
✔ Inventory Valuation – Update stock records for proper costing & tax implications.
✔ Fixed Asset Register Update – Record depreciation, new purchases & asset disposals.
✔ Provisions for Expenses & Liabilities – Account for salaries, audit fees, taxes & bonuses.

📉 𝐅𝐢𝐧𝐚𝐥𝐢𝐳𝐢𝐧𝐠 𝐁𝐨𝐨𝐤𝐬 𝐨𝐟 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 📚

✔ Profit & Loss Review – Identify unusual expenses & compare with last year’s performance.
✔ Suspense Account Clearance – Resolve unidentified transactions to maintain clean books.
✔ Sales & GST Reconciliation – Match GSTR-1, GSTR-3B & books to avoid audit red flags.
✔ Ledger Scrutiny – Check negative balances, unpaid creditors & tax liabilities before closing books.

🏆 Strategic Business Insights & Performance Review 📌

✔ Year-on-Year Analysis – Compare current vs. past financial data to spot growth trends.
✔ Key Performance Indicators (KPIs) – Measure profitability, liquidity & financial health.
✔ Action Plan for the Next Year – Address anomalies & prepare for a stronger FY 2025-26.

🚀 Final Call: Last week to complete FY 2024-25 compliance! Stay ahead of tax deadlines, avoid penalties, and kickstart the next financial year on a strong note! 💡

#YearEndChecklist #TaxCompliance #GST #AdvanceTax #FinancialPlanning #IndianBusiness #Accounting #TDS #Finance