Choosing a year end

One of the things to consider when starting a business in the London area is choosing the best date for your year end. Harold Everett Wrefords 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 London area and would like help with choosing your year end, contact Harold Everett Wrefords.

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Harold Everett Wreford is the trading style of Harold Everett Wreford LLP a limited liability partnership registered in England and Wales Partnership.No.OC354140

Registered to carry on audit work in the UK, regulated for a range of investment business activities & licensed to carry out the reserved legal activity of non-contentious probate in England & Wales by the Institute of Chartered Accountants in England & Wales.

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