fiscal year accounting period
- fiscal year accounting period
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A 12-month period ending on the last day of any month except December. Many businesses are required to use a calendar year as their tax year, but if you can prove that your business has a natural business year that is different from the calendar year, you might be able to adopt a fiscal tax year.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits
Nolo’s Plain-English Law Dictionary.
Gerald N. Hill, Kathleen Thompson Hill.
2009.
Look at other dictionaries:
fiscal year — n: an accounting period of 12 months Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. fiscal year n. A twelve month period used by a bus … Law dictionary
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Fiscal year — A fiscal year (or financial year, or sometimes budget year) is a period used for calculating annual ( yearly ) financial statements in businesses and other organizations. In many jurisdictions, regulatory laws regarding accounting and taxation… … Wikipedia
fiscal year — ( FY) Accounting period covering 12 consecutive months over which a company determines earnings and profits. The fiscal year serves as a period of reference for the company and does not necessarily correspond to the calendar year. Bloomberg… … Financial and business terms
Accounting period — An accounting period is a period with reference to which United Kingdom corporation tax is charged. [Section 12 of the Income and Corporation Taxes Act 1988] It helps dictate when tax is paid on income and gains. An accounting period begins… … Wikipedia
accounting period — The period of time, usually a year, used by a taxpayer in the determination of income and related tax liability. Unless a fiscal year is chosen, taxpayers must determine and pay their income tax liability by using the calendar year (i.e., January … Black's law dictionary
accounting period — The period of time, usually a year, used by a taxpayer in the determination of income and related tax liability. Unless a fiscal year is chosen, taxpayers must determine and pay their income tax liability by using the calendar year (i.e., January … Black's law dictionary
fiscal year — A period of twelve consecutive months chosen by a business as the accounting period for annual reports. A corporation s accounting year. Due to the nature of a particular business, some companies do not use the calendar year for their bookkeeping … Black's law dictionary
fiscal year — A period of twelve consecutive months chosen by a business as the accounting period for annual reports. A corporation s accounting year. Due to the nature of a particular business, some companies do not use the calendar year for their bookkeeping … Black's law dictionary
Fiscal Year - FY — A period that a company or government uses for accounting purposes and preparing financial statements. The fiscal year may or may not be the same as a calendar year. For tax purposes, companies can choose to be calendar year taxpayers or fiscal… … Investment dictionary
