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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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13 Sep 2019
The UK's tax system should be overhauled to bring rates on wealth and assets into line with those on income, according to a report from the Institute for Public Policy Research (IPPR).
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.