So, I have shortened the accounting date of companies on numerous occasions. However, it has been sometime since I have extended one.
I will be extending the date by three days so that the year end finishes at the end of the month.
So, my two questions are:Am I correct that if extended once then that is fine as long as this procedure has not been completed for this company in the last 5 years.
I have never extended the accounting date of this company. I am the only accountant this company has had.
Since the company would in effect have been trading 1 year plus 3 days then what do I do about the corporation tax? Do I need to file 2 CT returns or will 1 suffice.? What about the computation ? I use taxfiler software.
Thank you readers.