Cash Basis Accounting for Small Businesses

Key features Cash basis is a way of working out a business’s income and expenses for a Self-Assessment Tax Return. The cash accounting regime is voluntary and available to unincorporated businesses. Using cash basis requires records to be kept in a certain way from...

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How to Keep Good Financial Records

Keeping good financial records is of vital importance to a business of any size, not just from an accounting point of view but also from a management and business running perspective. As well as being used to assess tax liabilities, accurate financial records can be...

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