UK Side Hustle Tax: A Complete Guide
In the modern gig economy, side hustles have become a prevalent means of supplementing income, pursuing passions, and achieving financial goals. However, as side hustlers explore entrepreneurial endeavours, it is important to navigate the complex terrain of taxation. Before diving...
National Insurance and Income Tax Changes 2024
In a recent announcement during the Autumn Statement, Chancellor Jeremy Hunt revealed a significant cut in National Insurance (NI) for approximately 29 million workers. While this news may bring relief to many, it’s essential to understand the broader context of...
Navigating Side Hustle Taxes: What You Need to Know
In today’s digital age, the world of side hustles is thriving, with social media platforms and online marketplaces providing individuals with unprecedented opportunities to turn their passions into income. Whether you’re selling vintage finds on Depop or renting out a...
How to Register For Self Assessment as Self-Employed
Embarking on the journey of self-employment comes with responsibilities, and one crucial aspect is registering for Self-Assessment. This article provides a step-by-step guide to make the process easy, free, and secure. Understanding Self Employed & Self-Assessment Before diving into the...
How to Register for Self Assessment- If you are Not Self Employed
If you are not self-employed and require assistance with your tax return, this section provides guidance on registering for Self-Assessment on GOV.UK. The registration process is quick, taking only a few minutes, and it is both free and secure, eliminating...
Mastering Your UK Self Assessment Tax Return
If you are a UK taxpayer, you may need to file a tax return for the year ending 5 April 2023. You can file your tax return online or on paper, but online filing is faster, easier, and more secure....
A Complete Guide on Self-Assessment Tax Return for holding the UK Property
Accurately reporting property income is crucial under UK tax regulations. This concise guide simplifies the process, offering key insights for correctly filling out the UK Property Page, ensuring compliance, and optimizing tax positions.
Beware of Self Assessment Scams: HMRC Warns of Phishing Surge
With the approaching deadline for Self Assessment tax returns, HMRC warns of rising scams targeting taxpayers through emails, texts, and calls. Vigilance against fraudulent attempts mimicking official HMRC communications is crucial to safeguard personal information and finances.
Rental Income UK Handbook: Tax Insights, Ownership and Expenses
This comprehensive article covers various aspects of rental income in the UK, including taxation, ownership structures, allowable expenses, and changes in tax relief. It emphasises the importance of complying with tax regulations, maintaining accurate records, and understanding the intricacies of...
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