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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 Lancashire area is choosing the best date for your year end. Ashworth Treasure 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 Lancashire area and would like help with choosing your year end, contact Ashworth Treasure.
03 Mar 2021
Chancellor Rishi Sunak will deliver the 2021 Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning.
02 Mar 2021
The Treasury Committee has urged Chancellor Rishi Sunak to outline plans for a long-term tax strategy to help the UK economy recover from the coronavirus (COVID-19) pandemic.