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Cash basis to replace accruals

Cash basis to replace accruals

by AJN Accountants | Dec 4, 2023 | Accounting, Advice, Financial Planning, News, Small Businesses, Tax Planning

Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting). From April 2024, as part of a move to simplify calculation of taxable profits for Making Tax Digital, all self-employed taxpayers and...
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