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    Income tax - Trading income - Sole traders - Profits - Computation of trading income - The cash basis of taxation - Eligibility - 21015

    In order to be able to begin using the cash basis the: - total cash basis receipts, from all that person's businesses together, do not exceed the permitted maximum; and - person is not of a type which...

    Helping clients to maximise cash flow

    Coronavirus has led to an increased need for cash in hand. The government has deferred the second payment on account due in July 2020, but should self-employed clients automatically do this,...

    Cash basis accounts - are they worth the effort?

    HMRC allows some unincorporated businesses to base their tax bills on profits calculated using the cash basis. How can you turn this administrative simplification into a tax and NI saving?

    Landlords forced into cash-basis accounting

    For 2017/18 and later years most private landlords will be expected to work out their profits using cash-basis accounting. This can make preparing your tax returns simpler, but it does have drawbacks....