You must also decide on the first financial year end (FYE) of your new company. The FYE will determine when your corporate filings and taxes are due. Common choices by companies include 31 March, 30 June, 30 September or 31 December.
You must also decide whether your accounting period covers 12 months or over 52 weeks.
Companies must notify ACRA of any subsequent change in FYE. A company cannot change its FYE without Registrar’s approval:
- if the change in FYE will result in a financial year longer than 18 months; or
- if the FYE was changed within the last 5 years (from the last changed FYE)