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One of the things to consider when starting a business in the Surrey area is choosing the best date for your year end. Branston Adams 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 Surrey area and would like help with choosing your year end, contact Branston Adams.
30 Nov 2020
The third SEISS (Self-Employment Income Support Scheme) grant opens for applications today (30 November).
27 Nov 2020
Many businesses will struggle to survive despite the end of lockdown, according to the Confederation of British Industry (CBI).
26 Nov 2020
On 25 November Chancellor Rishi Sunak delivered his latest Spending Review to the House of Commons, and stated that the coronavirus (COVID-19) pandemic has caused 'lasting damage' to the UK economy.
Get in touch with Branston Adams to arrange your free consultation.