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One of the things to consider when starting a business in the London area is choosing the best date for your year end. Butler+Co 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 London area and would like help with choosing your year end, contact Butler+Co .
14 Aug 2020
Freelancers experienced a drop in income during the coronavirus (COVID-19) lockdown, according to research published by the Association of Independent Professionals and the Self-Employed (IPSE).
28 Jul 2020
Taking a look at the extension of Making Tax Digital to other taxes.