Tax
Proposed tax reform a ‘win’ for small businesses, says MHA
The changes, which will come into force by 2023 and have been drawn-up alongside representatives of small businesses, will mean businesses will be ‘taxed on profits arising in a tax year, rather than profits of accounts ending in the tax year’
MHA partner, Joe Spencer has responded to the government’s announcement regarding simplified tax reporting for self-employed and small businesses, stating that he believes the changes could help business owners access tax relief on overlapping profits “far earlier than they currently can”.
You'll need to
subscribe to unlock this content. Already subscribed? Login?
