Cash Accounting Becomes the Default for Sole Traders

by Terry Phillips | May 13, 2024 | Cash Accounting, accountancy, Accountants, bookkeeping, Business Owner, Chester, Family Business, hmrc, Income, Income Tax, Self employed, Self-Assessment, Sole trader, tax, Tax return, Trading Expenses

As of 2024, a significant change has been implemented in the way you manage your accounting: cash accounting is now the default method for your business.