The tax implications of a summer side hustle
Posted on May 27, 2026 Posted in - Blog, Blogs, self-employed, TaxWith summer coming soon, many people are looking for ways to earn some extra cash.
With summer coming soon, many people are looking for ways to earn some extra cash.
Despite becoming mandatory for sole traders, landlords and self-employed individuals with qualifying incomes over £50,000 from 6 April 2026, 65 per cent have still not registered for Making Tax Digital (MTD) for Income Tax.
It is a very strange time for UK businesses at the moment, as the economic forces at play seem to be entirely unpredictable.
There are two things that are certain in this life: death and taxes. So why is it that you hear different tax advice from influencers, accountants and your mates down the pub? That would be because some people give tax advice when they are not actual experts.
Recession is one of those words that tends to stop business owners in their tracks and right now, it is being mentioned more and more in the press and conversations with clients.
A new headline finding from YouGov this month has found that 47 per cent of Britons would support a tax on work done by AI – with only 20 per cent opposed to such a tax.
HMRC has obtained new data from PensionBee and it has revealed a worrying trend about self-employed workers’ tax returns.
If you provided any taxable benefits to employees or directors during the 2025/26 tax year, such as company cars, private medical insurance, beneficial loans, gym memberships, or living accommodation, the P11D deadline should be in your sights.
The Annual Tax on Enveloped Dwellings (ATED) is one of those compliance obligations that can catch property owners off guard.
With a greater awareness of marketing strategies and a growing presence of Gen Z workers, more businesses are turning to TikTok to grow their brands.