In an earlier post, a poster said they would not be using the cash basis for clients. This post is not intended as a criticism of this comment - I am genuinely interested to hear what everyone thinks on this matter and what decisions others are coming to.
I would love to ignore the new cash basis system - "simplification" has yet again made our lives more complex. But do you really think we can afford to ignore it? I have a client who has a debtor of £5k at 31/3/14. If I ignore the cash basis, he will pay nearly £1500 more tax this year. I know there are other issues to consider too (which in this case actually mean I would not recommend the cash basis due to longer term issues), but I don't think this is a decision I can make for him.
I would be interested to hear what others think.