Howlader & Co Blog

small business cash accounting

Our budget views in blue: Small businesses cash accounting

22nd March 2012

If a business is under the VAT registration threshold (£77,000) they can account and pay tax using a cash accounting scheme This is probably our favourite bit of the budget and one we had been hoping for for years. To explain: before, a company declares income as soon as the invoice is made – or before  – and more