Cash Accounting vs Accrual Accounting: What Is the Difference?
Cash accounting records income and expenses when money changes hands. Accrual accounting records them when income is earned, or costs relate to the accounting period. This timing difference affects when a business records revenue, expenses, and taxable profit. In this guide, cash basis mainly refers to HMRC’s Income Tax cash basis for eligible sole traders
Read More
£35K After Tax UK: Take-Home Pay for 2026/27
A £35,000 salary gives an estimated take-home pay of £28,719.60 during the 2026/27 UK tax year. This means £35K After Tax is around £2,393.30 per month or £552.30 per week. This calculation assumes a standard 1257L tax code. It also assumes one employment in England, Wales, or Northern Ireland. The estimate includes Income Tax and
Read More
What Is Tax Accounting in the UK? Types & Examples
Tax accounting is the process of recording, calculating, and reporting taxes according to tax laws. It helps individuals, businesses, and organisations meet their tax obligations while keeping accurate financial records. In the UK, tax accounting follows HMRC regulations and covers taxes such as Income Tax, Corporation Tax, Capital Gains Tax, and VAT. Unlike financial accounting,
Read More
