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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 Feb 2023
Interest rates have risen to 4% ? their highest level in 14 years.
02 Feb 2023
A record 11.7 million self assessment taxpayers submitted their tax returns by the 31 January deadline, HMRC has revealed.