Fiscal Vs Calendar Year

Fiscal Vs Calendar Year. Should your accounting period be aligned with the regular calendar year, or should you define your own start and end dates? A fiscal year keeps income and expenses together on the same tax return, while a calendar year splits them into two.


Fiscal Vs Calendar Year

The company’s own fiscal reporting. Whether you are preparing an individual tax return or financial statements for a business, it is important to understand the difference between financial and calendar years.

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