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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.
28 Feb 2020
The government has confirmed that reforms to off-payroll working rules for the private sector will be implemented from 6 April 2020.
27 Feb 2020
The Institute for Fiscal Studies (IFS) has urged Chancellor Rishi Sunak to use the forthcoming Budget to raise taxes.
26 Feb 2020
Government spending will increase to over £1 trillion a year by 2023/24, the Resolution Foundation has predicted.
Get in touch with Branston Adams to arrange your free consultation.