But Krauss said that from the moment he and the other scientists arrived on the island, they never saw anything untoward.
COMPANIES THAT FAIL THE $1 MILLION AVERAGE revenue test are not affected by the revenue procedure. For them, determining whether to use the cash or accrual method hinges on two issues: the material income-producing factor test and their type of entity. COMPANIES SELLING MERCHANDISE GENERALLY must use the accrual method to account for purchases and sales.
Generally, for a company with a 12 month accounting period, corporation tax will be payable in 4 equal instalments. For example a company with a 12 month accounting period ending 31 December 2010 instalments will be due as follows: 6 months and 13 days from the start of the accounting period (14 July 2010).