Tax returns for SMEs

Tax returns for SMEs

Postby 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.
KuntaKinte29
 
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Re: Tax returns for SMEs

Postby pawncob on Wed Feb 24, 2010 4:11 pm

How did the test go?
With a pinch of salt take what I say, but don't exceed your RDA
pawncob
 
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Location: West Sussex


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