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One of the things to consider when starting a business in the Corsham area is choosing the best date for your year end. The Aylmer-Kelly 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 a start-up business in the Corsham area and would like help with choosing your year end, contact The Aylmer-Kelly Partnership.
We offer a tailored personal tax planning service to minimise your personal tax liabilities.
We deal with the routine matters of business tax, PAYE, National Insurance and VAT.
We can assist you in producing either monthly or quarterly management accounts on a regular basis.
Ahead of the Coronavirus Job Retention Scheme (CJRS) being wound down over the summer, data published by HMRC has revealed that almost two million workers remain on furlough.
30 Jul 2021
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