Stretch It, Shrink It, Bend It: The Financial Year-End is Yours to Twist

Many business owners view the financial year-end as an unchangeable deadline, but in reality, the Companies Act allows room to manoeuvre. Whether it's aligning with a holding company's reporting cycle, simplifying tax planning, or adapting to a seasonal business rhythm, changing a company’s financial year-end can be both strategic and compliant—if done correctly. This article unpacks the legal framework, outlines the CIPC process, and highlights key scenarios where such a shift makes business sense.