By Guy at Taxfile.

As of 6 April 2024, the cash basis is now the default method for most self-employed people to prepare their tax accounts. At Taxfile, we’re in favour of this change — not because it solves everything, but because it’s a move toward greater simplicity and transparency. In today's post we explain what it is, its benefits, how it affects the self-employed, and how Taxfile can offer support through the changes.

The post The Cash Basis is Now the Default — Here’s What You Need to Know appeared first on Taxfile.