This depends on your company’s unique tax situation. Many companies use the calendar year (December 31) as the end of their fiscal year, for ease of administration in preparing tax returns and other tax/accounting matters.
If you are thinking of using another date for your company’s fiscal year end date, please be sure to consult with a CPA.
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[title size=2]Related Formation FAQs[/title]
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- Axis Legal Counsel Hired in Trust Litigation Fraud and Breach of Fiduciary Duty Case involving Multiple Family Members
- California Will Requirements and Top Wills FAQs
- California 2022 Rest Break Laws | Los Angeles 2022 Rest Break Laws
- Could Your LLC Save on Taxes by Converting to an S Corp?
- Employer’s Guide to Responding to an Employee’s Unemployment Claim
- How to Deal with Overly Political Employees
- Can a Business Ban a Customer?
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[title size=2]Other FAQs[/title]
- Formation FAQs
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- Intellectual Property FAQs
- Corporate Governance FAQs
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