Short Year

  • 2 Posts
  • 1 Sections
  • 1 Types
Definitions
Short Year
Short Year Tax Year Start-Up Companies Business Termination Annualizing Short Period
A tax year that is less than 12 months, usually applicable to start-up companies or businesses that are terminating.
Read more about Short Year.
Definitions
Taxable Year
Taxable Year Tax Period Fiscal Year Short Year Tax Calculation Tax Liability
A taxable year is a period, usually 12 months, during which the tax liability of an individual or entity is calculated. In the case of certain nontaxable entities, it is the period for which tax information is provided.
Read more about Taxable Year.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.