You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the St Albans area is choosing the best date for your year end. Connected Accounting 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 St Albans area and would like help with choosing your year end, contact Connected Accounting.
18 Oct 2021
Businesses that are planning to operate in the UK's new freeports can now apply to HMRC.
15 Oct 2021
A joint statement issued by 41 of the UK's trade associations has called on the government to reform business rates in order to help unlock green investment.
14 Oct 2021
HMRC has reminded self assessment taxpayers that the deadlines for filing 2020/21 tax returns are now approaching.
13 Oct 2021
Chancellor Rishi Sunak will have 'little room for manoeuvre' in this month's Budget and Spending Review, according to the Institute for Fiscal Studies (IFS).
12 Oct 2021
The Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) has urged the government to use the upcoming Autumn Budget to help accelerate work on building a modern UK tax system.
11 Oct 2021
A survey carried out by the Institute of Directors (IoD) has found that three in ten businesses plan on employing fewer people as a result of the increase in national insurance contributions (NICs).
08 Oct 2021
Business groups have warned Prime Minster Boris Johnson that the UK economy is fragile and the recovery from the coronavirus (COVID-19) pandemic remains on shaky ground.
07 Oct 2021
The Institute of Directors (IoD) has called on the government to introduce a tax super-deduction to plug an investment gap in retraining.
Get in touch with us today for a fresh perspective and a free consultation.