Cash basis by default

Cash basis by default

From 6 April 2024 the cash basis has replaced accruals as the default method for preparing sole trader and partnership accounts for tax purposes. Previously, only unincorporated businesses with total receipts below £150,000 were entitled to opt out of accruals and...
Important dates for the Self-Employed

Important dates for the Self-Employed

With the deadline for applications for the first Self-Employment Income Support Scheme (SEISS) looming on Monday 13th July 2020, the new scheme will be open to applications in August 2020.