No more tax returns? Hmmm... Will wait and see how that pans out.
@kennyhemphill @KevinPocock Even then, you don't pay tax on income you haven't received.
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@bazzacollins@KevinPocock tax is calculated on an accruals basis, so on invoiced total for year, not money received during year. -
@kennyhemphill@KevinPocock This is why I employ an accountant :) -
@bazzacollins@KevinPocock Yep, me too. I had to double-check it after reading your tweet. -
@kennyhemphill@bazzacollins I felt well out my depth, so had no input (accountant here too!).
End of conversation
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