You are using an outdated browser. Upgrade your browser today for a better experience of this site and many others.
+44 (0)1707 897000
Be tax efficient when deciding a year end date.
One of the things to consider when starting a business in the Hatfield area is choosing the best date for your year end. Lovetts 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 Hatfield area and would like help with choosing your year end, contact Lovetts.
The UK's political parties are making 'unsustainable' election promises in regard to public spending, the Institute of Chartered Accountants in England and Wales (ICAEW) has warned.
In a new report, the Organisation for Economic Co-operation and Development (OECD) has suggested that tax revenues in advanced economies have 'reached a plateau'.
UK manufacturing jobs fell at the fastest rate in seven years during November as low sales squeezed the sector, according to the IHS Markit Purchasing Managers' Index.