alexanderpennent
10th June 2008, 11:04
I really hope that someone can help me with this as I am very confused!
I bought a business running as a sole trader (August 2006) with a year end of August 31. As all the previous accounts ran to this date I saw no reason to change it.
So my last full year accounts run to August 31st 2007. I am now completing my SA.
Do I complete the SA including all income until 5 April 2008 (pensions, bank interest etc.) and include business profits until August 2007? Or do I estimate income from the date of my last accounts until 5th April 2008??
Please help!
I bought a business running as a sole trader (August 2006) with a year end of August 31. As all the previous accounts ran to this date I saw no reason to change it.
So my last full year accounts run to August 31st 2007. I am now completing my SA.
Do I complete the SA including all income until 5 April 2008 (pensions, bank interest etc.) and include business profits until August 2007? Or do I estimate income from the date of my last accounts until 5th April 2008??
Please help!