Choosing a year end

Be tax efficient when deciding a year end date.

One of the things to consider when starting a business is choosing the best date for your year end. CIB Services 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 start-up business and would like help with choosing your year end, contact CIB Services.

© 2020 CIB Services. All rights reserved. CIB Services is the trading name of CIB Stornoway Limited. CIB Limited is registered in Scotland, company number SC 324916. Registered office is CIB Services, 63 Kenneth Street, Stornoway, Isle of Lewis HS1 2DS
We use cookies on this website, you can find more information about cookies here.