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”.
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