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Which Year's Accounts to Put Income Into?
Strike_Team
Posts: 81 Forumite
I've got a couple of cheques in front of me for work done in the tax year which just ended. Question is, do I put them in last year's accounts or this year's?
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Comments
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Last years - profits are taxed according to when the work was done or sale made, not according to invoice nor payment dates.0
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