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There are several reasons to change a company's financial year-end. One common reason is to align the year-end with personal preferences, such as the calendar year or a preferred timeframe like December. Businesses with seasonal activity may want the year-end just before a busy summer to defer taxes or set it after the peak period for more preparation time. Additionally, changes can be advantageous in specific circumstances, such as wanting to make a significant pension contribution or purchase equipment, ensuring that associated tax relief falls in the later tax year. Such adjustments can benefit business operations and financial planning.