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 Royal Arsenal area is choosing the best date for your year end. Simpson Wreford LLP 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 Royal Arsenal area and would like help with choosing your year end, contact Simpson Wreford LLP.
17 Apr 2025
Data published by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that business confidence has fallen to its lowest level in two years.
16 Apr 2025
Lower petrol prices helped to drive down UK inflation by more than expected in the year to March 2025, official data has revealed.
15 Apr 2025
A new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.
14 Apr 2025
Think tank the Resolution Foundation has suggested that the government's upcoming Spending Review could help to brighten the 'bleak living standards outlook' for low-to-middle income families.
11 Apr 2025
The Institute of Directors (IoD) has welcomed the launch of the government's new Cyber Governance package, which is underpinned by the Cyber Governance Code of Practice.
10 Apr 2025
Price increases are the most likely response to US tariffs by affected firms, according to a survey conducted by the British Chambers of Commerce (BCC).
09 Apr 2025
Reforms are needed to make the pension system easier to navigate successfully in order to help reduce the risk of a shortfall in retirement, according to the Institute for Fiscal Studies (IFS).
08 Apr 2025
Pubs, clubs and restaurants will benefit from a reduction in the red tape that has stifled hospitality business, the government said.
Get in touch with us today for a free consultation.