What is the side hustle tax?

What is the side hustle tax?

In January, the looming Self Assessment deadline typically dominates the tax conversation – and this year is no different. You may recall that HMRC recently announced tighter rules for marketplace platforms when reporting users’ sales. Although HMRC’s new...
Tax planning strategies for UK SMEs in 2024

Tax planning strategies for UK SMEs in 2024

The new year – an ideal opportunity to reflect on your business operations and to begin honing the processes that work best and identifying room for growth and success. To kick off Tax Tuesday this year, we’re taking a look at some of the key tax planning...
Paying your Self Assessment tax bill through PAYE

Paying your Self Assessment tax bill through PAYE

Did you know that there is an option to pay your Self Assessment tax bill through PAYE? If you file your 2022/23 Self Assessment tax return by 30th December 2023, then you could choose to spread the payment of your bill across your 2024 PAYE obligations.  How does it...
Autumn Statement 2023

Autumn Statement 2023

Download your Autumn Statement Summary Report here Yesterday, Chancellor Jeremy Hunt delivered his Autumn Statement. Comprised of 110 ‘growth measures’, this year’s Autumn Statement boasts to grow the British economy and boost business investment by £20bn a year. Our...
Gifts with reservation

Gifts with reservation

Estate planning can be a complicated area to navigate, both for you and, eventually, your beneficiaries. It’s understandable that you may want to reduce your taxable estate, so that the inheritance tax obligations of your non-exempt beneficiaries is less later down...