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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.
17 May 2019
A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy by 'improving their people management practices'.
16 May 2019
Following an income tax code mix-up, HMRC has urged Welsh taxpayers to check their payslips to ensure the correct amount of tax has been deducted by their employer.
15 May 2019
The government has launched a consultation on new Companies House reforms, including a 'major upgrade' of its register.
Get in touch with Branston Adams to arrange your free consultation.