Hi could someone please help confirm I am on the right lines with a basis period for a new clients SA form?
They started trading in Nov 2013, the previous accountant completed the SA for 13/14 to the period ending 5/4/14. The actual accounting period is 1/11 to 31/10 each year.
I have now been asked to take them on and I think that for 14/15 SA the period I should report is 1/11/13 to 31/10/14, is this correct or am I going number blind?
Thank you
They started trading in Nov 2013, the previous accountant completed the SA for 13/14 to the period ending 5/4/14. The actual accounting period is 1/11 to 31/10 each year.
I have now been asked to take them on and I think that for 14/15 SA the period I should report is 1/11/13 to 31/10/14, is this correct or am I going number blind?
Thank you