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One of the things to consider when starting a business is choosing the best date for your year end. DMC Partnership 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 start-up business and would like help with choosing your year end, contact DMC Partnership.
18 Jun 2019
HMRC has now repaid £1.8 million in tax penalties to nearly 5,000 parents who were fined for failing to register for the High Income Child Benefit Charge.
If you wish to schedule an initial consultation then please request a call back using our helpful form below, and we will be in touch as soon as possible.