Simplified income and expenditure accounts for small businesses

From 1 April 2013, sole trader and partnership businesses  will be able to account for their income and expenditure on a cash basis. This means income is recorded when it is received and not when it was earned along with expenses recorded when they are paid for. This will hopefully make things a little easier for small  businesses.  Need help with your bookkeeping or Tax Return contact dawn@therealbusinessclub.co.uk