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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 Ampthill area is choosing the best date for your year end. GKP 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 Ampthill area and would like help with choosing your year end, contact GKP.
23 Jan 2020
Vengeful witches and pet hamsters feature in HMRC's list of imaginative excuses and expense claims, which has been published in the run up to the self assessment deadline.
16 Dec 2019
Analysing the rise in popularity of online accounting.