Margaret Turner from Turner & Co. warns that anyone who still hasn't submitted their tax return for the tax year 2013-14 faces the possibility of huge penalty fines from HMRC.
In the last budget the Chancellor George Osborne said he will scrap the annual self-assessment tax return and replace it with a 'digital tax account' from early 2016.
At some point in your business career you will almost certainly have to produce a Cash Flow Forecast, which shows (and/or predicts) the flow of cash in and out of the business.
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