The recent extension of the thresholds for cash basis accounting is likely to result in more small businesses looking to take advantage of this method as a straightforward alternative to the accruals method of calculating taxable profits. From 6 April 2017, unincorporated businesses with a turnover of up to £150,000 will have become eligible to use the cash basis. Allowing taxes to be paid only on cash which has been physically received, this method will significantly reduce the administrative burden involved in completing the Making Tax Digital quarterly reports.