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Choosing a year end

One of the things to consider when starting a business in the Kent area is choosing the best date for your year end. Greenaway 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 Kent area and would like help with choosing your year end, contact Greenaway.

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Registered to carry on audit work in the UK & Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England & Wales.

Details about our audit registration can be viewed at www.auditregister.org.uk for the UK and www.cro.ie/auditors for Ireland, under reference number C006856925

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Greenaway Chartered Accountants, 150 High Street, Sevenoaks, Kent TN13 1XE

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