What exactly is turnover?
andy at netstat-a.net
Sun Jan 15 02:53:33 EST 2006
On Sun, 15 Jan 2006, Elizabeth Dodd wrote:
> On Sun, 15 Jan 2006 16:48, Ken Wilson wrote:
>> In Australia small businesses can use cash or accural accounting, large
>> companies must use accrual accounting.
> The Tax Office declares that I will use cash accounting.
> If my turnover per year exceeds $1M, they may alter that to accrual. But being
> bureaucrats they don't do it straight away - they do it when you forgot all
> about it.
The UK tax office doesn't seem to say anything about this topic.
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