Ireland Sole Trader Accounts

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Aug 16, 2015
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Ireland
Hi,

Just wondering can anybody tell me if it is allowable to have a 17 month basis period for my first year of trading as a sole trader. Alternatively should the financial statements be prepared separately with a 5 month year end and a 12 month year end? I appreciate any advice on the matter. I am based in Ireland.
 

smallbushelp

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Jun 22, 2015
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I'm not sure about Ireland, but here in the U.S., a 17 month fiscal year would be vey unusual. We would typically work on a calendar year basis. So if I started my trading business in July, my first fiscal year would run July through December. Then my next fiscal year would being on January 1 and go through December 31.
 

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