February 2024

Basis Period Reform: Changes to accounting periods from 2023/2024 for individuals and partnerships

21st February 2024

As of 6th April 2024 business profits for sole traders, unincorporated businesses and limited liability partnerships should be calculated inline with the tax year,” rather than on the “current period basis”, thus aligning all accounting periods to the...

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Chartered Accountants in Sunderland, offering expertise on everything from Tax and Business Planning,
to Accounts and VAT.