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Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Devon area is choosing the best date for your year end. The Accountancy & Tax Centre can advise you on this.
It is important to choose the right year end for your business.
To what extent is your business seasonal? Is there a time of year when it will be more convenient to close off your accounting records, ready for us, your accountants?
From a tax viewpoint, the choice of a year end early in the tax year for an unincorporated business often means that an increase in profits is more slowly reflected in an increased tax bill.
If you are a start-up business in the Devon area and would like help with choosing your year end, contact The Accountancy & Tax Centre.
04 Dec 2025
Although there are less than two months until the self assessment deadline there is still time to start an accurate return, says HMRC.
03 Dec 2025
A report published by the Organisation for Economic Co-operation and Development (OECD) has suggested that tax rises and spending cuts announced by Chancellor Rachel Reeves will serve as headwinds to the UK economy.