2 articles tagged with Sole Trader Tax.
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.
New sole traders are often blindsided by a tax bill that includes income tax, Class 4 National Insurance and a payment on account. Here is how much of each invoice to set aside in 2026/27, with a clear worked example.