L
Levi Thorne
- Original Poster
- #1
I've decided to take a different route with my accounts (as in firing my leech of an accountant and doing it myself) but one question i can't seem to answer is with regards to taxation on certain dates.
Considering i invoice clients then generally give them a month to pay, i'm in a position where sometimes the paid date and the invoice date cross into different boundaries with regards to tax (e.g. invoice date might be 25/3/2010 and paid date is 8/4/2010 crossing corporation tax point). Which date would i use when calculating corporation tax? Thanks.
Considering i invoice clients then generally give them a month to pay, i'm in a position where sometimes the paid date and the invoice date cross into different boundaries with regards to tax (e.g. invoice date might be 25/3/2010 and paid date is 8/4/2010 crossing corporation tax point). Which date would i use when calculating corporation tax? Thanks.