Tax Tips

09 Aug 2019

Deciding on a year end

It's important to choose a year end that suits your business. If your trading is seasonal, is there a more convenient time to close off your accounting records? If you have stock, what time of year is best for stocktaking? 

From a tax perspective, for unincorporated businesses, choosing a year end at the beginning of the tax year would mean you have longer to pay any tax due. 

Meanwhile, incorporated businesses may need to consider the timing of other taxes. If you are a director who completes a tax return, you may not want a year end which coincides with the self assessment deadline.

We can help you choose a year end that is suitable for your business. Please get in touch for more information.

If you would like help with any of our services contact us to speak to one of the team.

Call us on 01753 888211

Email us info@nhllp.com

CLICK TO SUBMIT YOUR ONLINE QUERY

DOWNLOAD OUR BROADCASTS