Ending my outside contract on 4th April.
I'm considering extending my year end till the end of May (for 2 months from the end of March) to allow all invoices to be paid and to close down payments etc before the final accounts are created. Before I engage with MVL online.
This is so I don't have to get 2 sets of accounts produced, one at year end then one final set for the MVL.
Is there any drawbacks to this?
I have asked my accountant and hasn't highlighted any issues but wondered if there is any obscure reason not to do this?
I'm considering extending my year end till the end of May (for 2 months from the end of March) to allow all invoices to be paid and to close down payments etc before the final accounts are created. Before I engage with MVL online.
This is so I don't have to get 2 sets of accounts produced, one at year end then one final set for the MVL.
Is there any drawbacks to this?
I have asked my accountant and hasn't highlighted any issues but wondered if there is any obscure reason not to do this?
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