2 articles tagged with Accruals Accounting.
Most sole traders can now use cash basis accounting regardless of turnover, but the choice still has real tax timing consequences. Here's how the rules work for 2026/27 and when accruals is still the better fit.
The cash basis is now the default for most sole traders, taxing money when it actually moves. Learn when accruals accounting still wins and how the choice affects your 2026/27 Self Assessment.