The 12-month period over which a company reports its spending and income. It is measured by the first day of the month through the last day of the twelfth month.
Definition from Nolo’s Plain-English Law Dictionary
A 12-month period ending on the last day of any month except December. Many businesses are required to use a calendar year as their tax year, but if you can prove that your business has a natural business year that is different from the calendar year, you might be able to adopt a fiscal tax year.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:16 pm