by KuntaKinte29 on Tue Jan 12, 2010 4:56 am
Hi,
I'm a student accountant and I am supposed to take a test on reading and analysing tax returns for SMEs in the position of a credit analyst
What factors do I need to take into account when determining which type of record keeping my clients should choose.(i.e whether they should use a cash or accrual-based bookkeeping system.
I guess with SMEs I just I have to look out for or concentrate on VAT,PAYE,Corp.tax if a company and Income tax if a sole proprietorship or a partnership and NIC right? Do I have to consider other taxes.Ocassionally there might be Capital Gains etc.