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One of the things to consider when starting a business in the Cheltenham area is choosing the best date for your year end. Mitchells 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 Cheltenham area and would like help with choosing your year end, contact Mitchells.
03 Aug 2021
A survey carried out by the Confederation of British Industry (CBI) has revealed that in the three months to July, private sector activity across the UK economy grew 'robustly'.
02 Aug 2021
The number of empty shops in the UK has continued to rise as retailers struggle with the impact of the coronavirus (COVID-19) pandemic, according to the latest figures from the British Retail Consortium (BRC).