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Edinburgh: 0131 228 6606London: +44 20 7631 3166
Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Edinburgh area is choosing the best date for your year end. Jeffrey Crawford 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 Edinburgh area and would like help with choosing your year end, contact Jeffrey Crawford.
Do you have any questions for us?
Simply get in touch and the relevant team member will get back to you asap.