Posts Tagged accounts

Basis Period Changes -
Reminder to return your records to us as soon as possible

The cash basis is a simpler way of preparing accounts, which takes account only of cash received and cash paid out. Unlike the traditional accruals basis there is no need to match income and expenses to the period to which they relate, or take account of debtors and creditors

Do you think if you file your tax return early you will have to pay your tax earlier too? Thankfully, this is not true. But there are benefits to filing your tax return and completing your accounts early.