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There are several reasons to change a company's financial year-end. One reason is to align the year-end with tax reporting requirements, such as matching it to the calendar year for simplicity. Businesses may also prefer to set their year-end before a busy summer season to defer profits and taxes to a later year. Other scenarios include the desire to take advantage of tax relief opportunities, like making significant pension contributions or large asset purchases right after the year-end to benefit from deductions that impact future tax liabilities. The decision usually hinges on what best suits the specific needs and circumstances of the business.