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Cash basis by default
From 2024/25 onwards, the cash basis, rather than the accruals basis, is the default basis of accounts preparation for unincorporated businesses. Read this article to find out what this means for you if you run an unincorporated business.
Tax relief for bad debts
Find out how to secure tax relief for bad debts by reading this article #baddebt #doubtfuldebt #cashbasis #accrualsbasis