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One of the things to consider when starting a business 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 start-up business and would like help with choosing your year end, contact Connected Accounting.
21 Nov 2019
The Liberal Democrats and the Labour Party have both pledged to take action to combat late payments that damage small and medium-sized enterprises (SMEs).
29 Oct 2019
Considering the UK's employment rights and looking at how employers must meet them.