The road that I live in, over the last few years, people have been splitting up their land to build additional houses. This will normally mean they have been approached by a builder to sell part of their land to build these houses. The seller of the land would expect to be covered by the […]
Monthly Archives: June 2024
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Jun
Jun
Cash basis by default From 6 April 2024 the cash basis has replaced accruals as the default method for preparing sole trader and partnership accounts for tax purposes. Previously, only unincorporated businesses with total receipts below £150,000 were entitled to opt out of accruals and file their accounts with HMRC using the cash basis. That […]