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Hitchin: +44 (0)1462 620 100 | Kensington: +44 (0)20 7937 3309 Contact us
Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Hitchin area is choosing the best date for your year end. Chancellers 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 Hitchin area and would like help with choosing your year end, contact Chancellers.
Do you have any questions for us?
Simply get in touch and the relevant team member will get back to you asap.
23 Feb 2024
HMRC recently published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.
22 Feb 2024
Research carried out by the London School of Economics has revealed that less than 3% of adults in the UK paid capital gains tax (CGT) over the last decade to 2020.