Side Hustles – Do You Need to Report?

If you receive income from an activity which is considered “Trading” then you may need to report it to HMRC. 💼 What is Trading? Trade is defined by statute as including “any venture in the nature of trade”. To assess if you could be classed as trading, you will need...

🔥 Winter Fuel Payment Reinstated for Many Pensioners

The government have announced that a majority of pensioners in England and Wales will now receive the winter fuel payment this year. More details will be available by the end of June but below is what has been published so far: 👥Who will receive it? You need to: Live...

Remote Working is here to stay

🔹 Before the dark days of 2020, a concept that was not utilised very often was remote working. Understandably. There haven’t been many occasions in human civilisation where the necessity to not leave the house for work also coincides with the ability and technology to...

💼Think tax relief is just for the self-employed? Think again.

If you’re a regular 9 to 5 PAYE employee, you might be surprised to learn that you can claim tax relief on certain expenses- provided your circumstances meet HMRC’s criteria. Here are a few key ones you should know about: 🏠 Working from Home (WFH) If you have to...

💼 Employment vs Self-Employment

Choosing between employment and self-employment is a big decision, and both have their perks and challenges. Here’s a quick breakdown: ✅ Employment Stability: Regular pay plus benefits like paid leave and sometimes things like health insurance; Less Responsibility:...

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