Understanding when and how to submit your Self Assessment tax return is essential for anyone in the UK who receives untaxed income. Whether you’re a […]
Side Hustle Taxes: When and How to File a Tax Return in the UK
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 […]
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 […]
Paying Tax on RSUs in the UK: What Every Employee Needs to Know
In recent years, compensation packages offered by employers have expanded to include more than just salaries and performance-based cash bonuses. One increasingly common component, particularly […]
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 […]
Understanding MTD for Income Tax: A Landlord’s Compliance Roadmap
Making Tax Digital is a significant initiative introduced by the UK government to transform how individuals and businesses manage and report tax information. Designed to […]
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 […]
The Sole Trader’s Guide to Claiming Business Expenses on Tools and Vehicles
Running your business as a sole trader means taking full responsibility for your operations, finances, and tax obligations. One of the most effective ways to […]
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 […]
Landlord Tax Responsibilities Explained: Income Reporting and Deductions
The responsibilities of becoming a landlord extend beyond finding tenants and maintaining the property. As soon as rental income begins flowing into your account, tax […]
Top UK Tax Dodgers Revealed: How Stars and Corporations Avoid Millions in Taxes
In March 2019, television presenter Lorraine Kelly successfully challenged a tax demand from HM Revenue & Customs that totaled over £1.2 million. The dispute centered […]
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, […]