Cash basis...

Paul CPaul C Well-KnownPosts: 193Registered
I would be really grateful to hear what people plan to do re the new cash basis in 13/14? Do people plan to recommend it to clients? Or is the treatment of capital allowances and losses putting people off? Is the cash basis mainly for sole traders etc who want to do more of their own accounts? Thoughts appreciated.

Comments

  • paulstaffordpaulstafford Feels At Home Posts: 126Registered
    I would argue it is part of our job to inform eligible clients of the opportunity to switch to the cash basis.

    As you say many people who don't appoint tax agents probably have always operated this way!
  • T.C.T.C. Experienced Mentor Posts: 1,448Registered, Tutor
    I don't think I will suggest it unless there are exceptional circumstances, ie where it will definitely benefit the client.
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