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There are several reasons to change a company's financial year-end. One reason is aligning the year-end with tax years or personal preference, such as utilizing the calendar year ending in December. Businesses may also consider their operational cycles; for example, a company with a busy summer may choose a year-end just before the season to defer profits and tax payments or right after to allow time for year-end processes. Additionally, businesses might face circumstances that necessitate changing the year-end, like needing to make significant pension contributions or large equipment purchases just after the previous year-end to maximize tax relief benefits.