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HM Accountax Ltd
HM Accountax Ltd, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 450
Experience:  I am an accountancy professional with more than10 years hand on experience in audit, accountancy and tax affairs.
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My partner is a sole director limited company with a year

Customer Question

My partner is a sole director limited company with a year end 31 March. The company has had no turnover between April 2020 and September 2020 . Would it be beneficial from a tax point of view to extend the company year end to 3o September?
JA: Have you talked to a tax professional about this?
Customer: I thought that was what i was doing
JA: Anything else you want the Accountant to know before I connect you?
Customer: Year end date has not been changed before
Submitted: 18 days ago.
Category: Tax
Expert:  HM Accountax Ltd replied 18 days ago.

Hi,

I am an advisor at JA and happy to assist you.

Yes, it will be beneficial as you'll be able to spread the profit over 18 months,

I hope this answers the query.

Regards

HMAT