You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
Telephone: (01223) 352024 | Email: firstname.lastname@example.org
Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Cambridge area is choosing the best date for your year end. Prentis & Co 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 Cambridge area and would like help with choosing your year end, contact Prentis & Co.