Moffitt Cancer Center David W. Larson, MD, MBAÂ¶ Mayo Clinic Cancer Center Audrey J. Lazenby, MD â  Fred & Pamela Buffett Cancer Center Patrick M. Lynch, MD, JD Â¤ The University of Texas MD Anderson Cancer Center Robert J. Mayer, MD â  Ã Dana-Farber/Brigham and Womenâs Cancer Center Reid M. Ness, MD, MPH Â¤ Vanderbilt-Ingram Cancer Center M. Sambasiva Rao, MD â  Â¤ Robert H. Lurie Comprehensive Cancer Center of Northwestern University
Loading the player... A fiscal year (FY) is a period that a company or government uses for accounting purposes and preparing financial statements. A fiscal year may not be the same as a calendar year, and for tax purposes, the Internal Revenue Service (IRS) allows companies to be either calendar-year taxpayers or fiscal-year taxpayers.
A fiscal year is your business's annual reporting period. All kinds of reports are based on the fiscal year, including taxes. The fiscal year is generally a twelve month period â although the fiscal year period may be shorter for a business that has just started or for a business that ends. For most businesses, the fiscal year runs from January 1st through December 31st. In Canada, some businesses may have different fiscal year periods.