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Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Leeds area is choosing the best date for your year end. Burrow & Crowe 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 Leeds area and would like help with choosing your year end, contact Burrow & Crowe.
If you would like more information or would like to speak to us direct then call us on 0113 259 1666. Or if you would prefer, ask us a question online.
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