One of the things to consider when starting a business in the Mansfield area is choosing the best date for your year end. McGregors 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 Mansfield area and would like help with choosing your year end, contact McGregors.
Specialist financial advice when you need it most…
Why not register to receive our Monthly Newswire?
Register with us and once a month we'll send you an email packed full of essential business news and handy tax tips to help save you money.
Get in touch with McGregors Corporate to arrange your free consultation.