Newth Talks Tax - Tax writer of the year John Newth solves your tax questions

Balance sheet or not?

On 19 December 2006 Brian asked whether it was a statutory obligation to file a balance sheet with the business accounts when sending in a self assessment return.

Dave gave the simple and direct answer of ‘no’. However, I would like to expand on this issue. There has been some controversy regarding what one should send in with the self assessment return, particularly in the early days of SA.

Continued...

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