Choosing a year end

One of the things to consider when starting a business in the Watford area is choosing the best date for your year end. Daverns 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 Watford area and would like help with choosing your year end, contact Daverns.

Construction industry

From using the CIS scheme to accounting for WIP and the new Reverse Charge rules, we understand the construction industry and its accounting issues inside out. Find out more.

Construction

Retail and online retail

Whether you have a physical store or an online store or a combination of both, accounting for retailers can become confusing. Find out more.

Retail