The side hustle movement in the UK has seen a sharp rise in recent years. More than a third of UK adults now supplement their […]
HMRC
How to Defer Your Tax Bill Legally with HMRC’s Self Assessment Time to Pay
Self-employed individuals and sole traders face a range of financial challenges throughout the year, not least of which is managing their tax obligations. One of […]
Essential Business Records Every Self-Employed Professional Must Keep
For anyone working for themselves, whether as a sole trader or within a business partnership, record-keeping is not just a best practice; it’s a legal […]
Self Assessment Tax Made Easy: Paying Through PAYE Explained
Self Assessment is often associated with the self-employed, but many individuals who earn income outside of their primary employment are also required to complete a […]
HMRC Tax Investigations: How Far Back Can They Go on Self Assessment Returns?
Each year, more than 12 million individuals in the UK are required to complete and submit a Self Assessment tax return. This includes people with […]
How Non-Resident Landlords Can Legally Pay UK Tax on Property Income?
A non-resident landlord is someone who owns and rents out property in the United Kingdom but lives outside the UK for six months or more […]
Is Your Hobby a Business? Key Tax Rules Every Side Hustler Should Know
In today’s digital world, turning a passion project into a source of income is more accessible than ever. Whether you’re selling handmade items online, offering […]
eBay Seller Tax Rules Explained: What HMRC Expects from You
Many people begin their journey on eBay simply to declutter. Whether it’s clearing out old electronics, vintage clothing, or forgotten collectibles from the attic, the […]
Top Alternatives to Hiring an Accountant for Your Self Assessment Tax Return
Every year, millions of individuals across the UK are required to submit a Self Assessment tax return to report their income to HMRC. For many, […]
How HMRC’s New Penalty Point System Affects Your VAT Returns
In January 2023, HM Revenue and Customs introduced a revamped penalty system for late VAT return submissions. This new framework replaces the previous VAT default […]