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Cash basis?

24/01/2019 10:00:24
Is it easier for someone doing their own tax return for the first time to use Cash basis in a small business just starting up? Can you give more details on the different options for calculating and submitting independently in simple terms please?
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Re:Cash basis?

24/01/2019 10:07:25
Hi,

We can't advise which method is best for you, however the cash method and simplified expenses should make things easier.

Business records if you're self-employed

I hope this helps.