Helping family or friends with their tax

Category: Income Tax

Accounting on a cash basis

Accounting on a cash basis

From April 2024, the cash basis is the default method for sole traders and most partnerships when preparing Self-Assessment returns. Designed to simplify tax reporting, the cash basis lets businesses

Tax rules for savings interest

Tax rules for savings interest

You could earn up to £18,570 in tax-free savings interest in 2025-26, thanks to the personal allowance, starting rate for savings, and the Personal Savings Allowance. If your taxable income for the

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Medic Accountants
Medic Accountants
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