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Small businesses can record income and expenses when money is actually paid rather than when they've invoiced or received
‘Cash basis’ is a way to work out your income and expenses for your Self…
You can use cash basis if you: run a small self-employed business, for…
At the end of the tax year, work out your taxable profit from your cash…
You must keep records of all business income and expenses to work out your…
You can start to use cash basis if you’re VAT registered as long as your…
If you’re a sole trader or partner, cash basis is the default way to work…
Find out what information you may be asked for by your account provider and how that information is shared.
How to tax a beneficial loan arrangement for a director or employee.
Check when to make a return, types of interest to report, and how to categorise participants. Find out how to deal with different types of accounts and ownership.
This series brings together all documents relating to the basic bank account data reported to the Treasury by the nine banks designated to provide basic bank accounts.
Records and paperwork you must keep if you're self-employed as a sole trader or partner in a business: income, costs, profit, how long to keep records.
Check the rules on ISA subscriptions and what counts towards the subscription limit if you're an ISA manager.
Business expenses you can claim if you're self-employed
Find out who has to pay VAT payments on account, how HMRC works out your payments, the alternatives and how and when to pay.
Find out how the VAT Cash Accounting Scheme works and the conditions you must meet if you want to use it.
Prepare statutory or abridged annual accounts for Companies House, make corrections and amendments, appeal against penalties for filing after the deadline
Guidance on what to do if your application for an account is declined or if your account is closing because you are in the UK illegally.
Don’t include personal or financial information like your National Insurance number or credit card details.
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