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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 Nottingham area is choosing the best date for your year end. Ling Phipp 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 Nottingham area and would like help with choosing your year end, contact Ling Phipp.
23 Feb 2018
The Bank of England (BoE) has warned that the deadline for spending old £10 notes is rapidly approaching.
22 Feb 2018
Data published by the government's Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female employees.