Accountants hit out at tax plans
Under Treasury proposals, small firms would base their accounts on tax rules rather than accounting principles, or could be taxed by reference to cash flows rather than profits.
ICAS said the measures did not simplify the system and, while helping HM Revenue & Customs, would make company accounts less informative for other users.
Accountants hit out at tax plans
shailesh agarwal (professional accountant) (7642 Points)
22 February 2009