Small businesses urged to consider tax scheme

Burnham and Highbridge Weekly News: Small businesses urged to consider tax scheme Small businesses urged to consider tax scheme

SMALL businesses in Sedgemoor are being urged to consider a scheme that allows them to be taxed on money flowing in and out of their business.

The ‘cash basis’ scheme can be used by independent traders with an annual income of less than £79,000 to simplify their accounting processes.

Visit www.gov.uk/simpler-income-tax-cash-basis.

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