One of the things to consider when starting a business in the Waltham Cross area is choosing the best date for your year end. Thickbroom 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 Waltham Cross area and would like help with choosing your year end, contact Thickbroom.
We'll send you essential business news and handy tax tips to help save you money.
Established for over 50 years, we are an experienced firm of Chartered Accountants.
We have a range of accountancy and support services to help you to manage your business.