Choosing between a calendar tax year and a fiscal tax year





For some businesses, a fiscal tax year can make more sense than a calendar one. You must use the same year for financial reporting. For seasonal businesses, a fiscal year can present a more accurate picture of performance and make benchmarking against other companies easier. Fiscal year businesses generally must file their tax return by the 15th day of the third month following the fiscal year close (fourth month for C corporations).We can help determine whether a fiscal year makes sense for your business and file the necessary IRS forms if you decide to change. 

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