Side hustles come in all shapes and sizes, from selling clothes on Vinted to baking homemade goods and selling them in an honesty box.
Category Archives: Tax
Tis the most expensive season of the year: Understanding tax on side hustles ahead of the Christmas scramble
It is no secret that Christmas is an expensive time, from the cost of buying presents to the seemingly never-ending stream of food that needs to be bought.
Six months until MTD pulls in one million more taxpayers: What you need to do now
There are now six months until the scope for MTD for Income Tax opens up to sole traders and landlords earning over £30,000 ahead of 6 April 2027.
Andy Burnham unveils a £210 million package to regenerate high streets: The ‘punishing’ tax burden’s impact on the high street
In late September, Andy Burnham announced a £210 million cash injection into high street regeneration to convert vacant, derelict buildings into cafes and community hubs.
Following the latest Facebook fad? Did you know you need to pay tax on your cake shed?
While honesty boxes have long been a part of British culture, little sheds are popping up at the end of people’s front gardens that hold a mass of homemade cakes, brownies and sourdough bread.
Crypto investors have paid £1.38 billion in tax: Do you know what you need to pay?
HMRC sent over 65,000 warning letters to cryptocurrency investors over the last year due to a suspected underpayment of tax.
Pokémon cards and cryptocurrency: Understanding Capital Gains Tax when selling assets for a profit
Capital Gains Tax (CGT) receipts were up 17.6 per cent in July compared to July 2025, highlighting the growing importance of understanding the tax implications of asset sales.
The dangers of using AI for tax advice
AI is something that we cannot escape, as it is built into nearly everything that people use on a day-to-day basis.
Tax cuts on pubs: Burnham backing British businesses
Recent headlines have made it no secret that owning a pub, club or music venue is hard. With rising costs, it has been estimated that one in eight pubs is in severe financial distress.
HMRC launches consultation for mandatory Direct Debit VAT and PAYE payments
HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would affect millions of UK businesses.