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Basis period reform – Preparing for the transition
From 2024/25 unincorporated businesses will be taxed on their profits for the tax year. Read this article to find out about the new rules and the transition from the current year basis to the tax year basis. #basisperiodreform
Should I change my accounting date?
There are some benefits and pitfalls to changing your accounting date. In light of MTD for income tax however, it might be time to consider it. Learn more about changing your accounting date in this article. #accounting #taxtips