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+44 (0)1707 897000 post@lovetts.co
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.
18 Jun
HMRC has now repaid £1.8 million in tax penalties to nearly 5,000 parents who were fined for failing to register for the High Income Child Benefit Charge.
17 Jun
Research carried out by think tank the Resolution Foundation has suggested that young people are 'less likely to move around the country for a better job' as a result of a considerable rise in rental costs.
14 Jun
The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government's consultation in regard to the 'off-payroll working rules from April 2020'.