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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.
26 Oct 2021
The Confederation of British Industry (CBI) has warned the government against introducing new business tax rises in this week's Autumn Budget.
25 Oct 2021
Research carried out by property group Savills has found that half of first-time buyer home purchases are financed by the so-called 'bank of mum and dad'.