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    Income tax - Trading income - Sole traders - Profits - Computation of trading income - The cash basis of taxation - Entering and leaving - 21025

    A person elects to use the cash basis by ticking a box on the tax return. The election applies to all of that person's businesses. Once the election is made in respect of a trade, it remains...

    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,...