Income fluctuations are common in the field of architecture. Consider using the cash-based accounting method, which allows you to pay taxes on the money received rather than on invoiced amounts. This method can help with managing cash flow. During high-income periods, it’s advisable to create a reserve fund to cover taxes and expenses during leaner times. If you operate as a limited company, consider adjusting your salary and dividends strategy to maintain a steady income. For sole traders, payments on account can be adjusted if lower profits are expected. Consider investing in income protection insurance for added security. It’s beneficial to utilise accounting software to forecast cash flow and tax liabilities. Moreover, consider diversifying your services or client base to stabilise your income. Effective tax planning is crucial – consider consulting an accountant to help structure your finances to manage these fluctuations efficiently.