Business Cessation or Change of Accounting Date? Don’t Forget Overlap Relief

If you are self-employed and your accounting date is not 31 March or 5 April, i.e. in line with the tax year, then you could have overlap profits. Overlap profits are best illustrated through an example, so let us use a business which commences on 1 July 2016 and prepares its first set of accounts … Continue reading Business Cessation or Change of Accounting Date? Don’t Forget Overlap Relief