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Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Glasgow area is choosing the best date for your year end. Gerber, Landa & Gee 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 Glasgow area and would like help with choosing your year end, contact Gerber, Landa & Gee.
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20 Jan 2021
Large businesses must now pay their smaller suppliers more quickly under changes to the UK's Prompt Payment Code (PPC).
It is clear to see that cloud accounting is the way forward: its ease of use, accessibility and cost effectiveness ensures that it remains a popular choice for many businesses.