Business Tax - Basis Period
Sailorgirl
Registered Posts: 40 Regular contributor ⭐
I need help!
For the life of me I cannot seem to understand the reasoning behind the BASIS PERIOD (chap 4 in BPP)
I have read and re-read several times now, but cannot get it, and I don't want to move on to Chap 5 until I do get it.
Can anyone explain it in very simple terms?
For the life of me I cannot seem to understand the reasoning behind the BASIS PERIOD (chap 4 in BPP)
I have read and re-read several times now, but cannot get it, and I don't want to move on to Chap 5 until I do get it.
Can anyone explain it in very simple terms?
0
Comments
-
If you are using BPP I think they give you a flow diagram, the only way to deal with this is to learn that diagram, there is no sensible reasoning - that's just the way it is!!!
I found that once you learn that and do lots of practice you will never forget it.0 -
I have it open right now, and like you say, just learn it.
Cheers0 -
Yes - there is a flow diagram for the first three years in the BPP study material.
I agree that once you learn the rules and practice them, you will never forget.~ An investment in knowledge always pays the best interest ~Benjamin Franklin0
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