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Balance sheet or not

Balance sheet or not

Are there any statutory obligations for a sole trader to file a balance sheet with his/her SATR?
Brian

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By Anonymous
19th Dec 2006 08:19

The short, quick and easy answer is.....
.....no.

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20th Dec 2006 14:48

I never do.
Utterly pointless document for 99.9% of sole traders.

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20th Dec 2006 20:14

BALANCE SHEET
An Inspector of Taxes once told me during an enquiry case that if a balance sheet is included on the SA REturn then they are entitled to ask questions about it. The solution therefore is simple - do not include it!!

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