
Smart Tax Planning: Timing Your Payments for Maximum Savings
Understanding the Cash Basis for Tax Planning For unincorporated businesses, starting from 6 April 2024, the cash basis becomes the default method for preparing accounts. Unlike the accruals basis, which […]

Calculating taxable profits using the cash basis
Calculating taxable profits using the cash basis, Under the cash basis, small businesses are taxed on the basis of the cash that passes through their books, rather than being asked […]