Recent content by outbooksuk
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Self Assessment Tax Return Question
Hi, This is a really common question when you first go self-employed, so don’t worry The answer depends on which accounting method you’re using cash basis or accruals (traditional) basis. For most small sole traders in the UK, the cash basis is now the default (unless you’ve chosen not to use...- outbooksuk
- Post #16
- Forum: Accounts & Finance
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In-House Accounts Team vs. Outsourcing – What’s Worked Best for You?
We've used both in-house and outsourced accounting models over the past few years, and honestly, each has pros and cons depending on your size, cash flow, and complexity. What Worked for Us with Outsourcing: Cost-efficient: We saved around 30–40% compared to hiring a full-time finance person —...- outbooksuk
- Post #16
- Forum: General Business Forum
