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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 Jul 2025
Prospective pension reforms could see small firms raise prices, cut jobs or slash profits, the Federation of Small Businesses (FSB) has warned.
03 Jul 2025
Business confidence rose in June building on a sharp rebound in May, according to Lloyds Bank's Business Barometer.