Your company is legally obligated to pay taxes and keep accounting records according to an annual calendar called the fiscal year. The fiscal year is chosen the first time taxes are declared, but can be changed later, with the authorization of the IRS
Your company has a fiscal year if:
- Natural if your company does not have special accounting needs.
- If you want your 12-month accounting cycle to end in a month other than December.
- If your company was not in existence for a whole tax year.
If your company does not have much to declare, they can surely use the annual fiscal year. At Elite Tax we offer a personalized service, where our clients are advised in detail to guarantee quality work. Remember that you can contact us by WhatsApp at 305 310 0787 or write to our email firstname.lastname@example.org.