Tag Cash Basis Scheme

This is a guide how to do simple bookkeeping for small self-employed business (sole trader or partnership) in United Kingdom and Northern Ireland. It is based on cash basis system which you can use if your turnover (gross income) is…

Cash basis scheme is a method of preparing your self-employment accounts. You can use cash basis, if you run a small self-employed business (sole trader or partnership) and have a turnover of £150,000 or less a year. Read more …