Sole trader or partnership? Trading profits tax reform
4 minutes to read The procedure for assessing when trading profits are taxed is changing radically. The change is called basis period reform. Essentially, means there’s a different time period underpinning the tax assessment. Using the new tax year basis, tax calculations will apportion accounting profits to the tax year (unless the accounting year ends between 31 March and …
Continue reading "Sole trader or partnership? Trading profits tax reform"