SBCA Chartered Accountants

Chartered Accountants in Preston

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Cash Basis vs Accrual Accounting: Which is Best for Your Small Business?

From the 2024/25 tax year, cash basis accounting will become the default method for most sole traders and partnerships completing their Self-Assessment tax return. But is this new approach right for you, or would sticking with accrual accounting give you better control over your finances? In this blog, we break down the key differences between […]

Did the Chancellor make you rethink your future?

With the news that the Government has increased Capital Gains Tax and changed the rate of Business Asset Disposal Reliefs from 6th April 2025, we expect to be having more conversations with clients who are considering a swift sale of their company. Chris Bond discusses what the best strategy is likely to be, for any business […]

Could this be the best few months to buy a business?

With the news that the Government has increased Capital Gains Tax from today and will reduce the benefit of Business Asset Disposals Relief from 6th April 2025, many business owners will be considering a swift sale of their company before the end of March 2025. Chris Bond discusses why companies should include acquisition as part […]

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