Beginners Guide to Setting Up as a Sole Trader
Find out how to set up as a sole trader, how to complete the registration process with HMRC and your responsibilities including taxes and expenses.
Do I Have to Register My Side Hustle as a Business?
Are you lying awake at night worried the tax-man is lurking around the corner because you should have registered your side hustle as a business? Well, worry no more! In this guide, I’ll show you the rules you need to know about registering a business, what it means for your taxes, tax code and what you need to do next.
When To Register as Self-Employed
Worried you’ve been running your business illegally? Here are the rules on registering as self-employed (or a sole trader), the deadline and whether you need to do it straight away.
How to Register as Self Employed with HMRC
Ready to make things official and register as self-employed? Then this guide is for you! It includes the 5 steps you need to take to apply to HMRC and what happens once your application has been submitted.
Sole Trader vs Limited Company? What’s Better?
Stuck in the sole trader vs Limited Company dilemma? Find out the difference between sole trader or Limited Company, tax benefits & asset protection.
Self Employed Expenses – What Can You Claim?
Find out how to claim self-employed expenses on your tax return, which ones you can claim & find a self-employed expenses list for tax time.
Tax When You’re Employed and Self-Employed
Understand how tax works if you’re employed and self-employed, what you need to check on your payslip and what you have to tell HMRC about.
How Does the Starting Rate for Savings Work?
The starting rate for savings lets many UK individuals earn up to £5,000 in savings interest without paying tax on it. Check if you’re eligible and how the £5,000 is tapered for those earning more than others.
Uniform Tax Rebate: What It Covers and How Much You Can Claim
How to claim a tax refund for washing, repairing and replacing a uniform or safety clothing you wear for work.
How is National Insurance Calculated? (+ NIC Rates for 2023)
See examples of how national insurance is calculated, learn about the different NIC classes and find the NI thresholds for 2023.
9 Profitable Online Business Ideas For Self-Employment in 2023
If you’re looking for ideas for self-employment or a side hustle that bumps up your income with low start-up costs, then take a look at these 9 profitable online business ideas you can start in 2023.
Cumulative v. Non Cumulative Tax Codes: What’s the Difference?
Learn the difference between cumulative and non-cumulative tax codes and how it affects how much personal allowance an individual receives.
The 40% Tax Bracket (+ 3 Ways to Avoid It)
Learn about the 40% tax bracket, how much you can earn before paying it and ways to avoid falling into the higher rate tax band.
HMRC Mileage Rates 2023-24
A guide to the approved HMRC mileage rates 2023-24 that you can claim if you drive business miles in a car, motorbike or electric vehicle.
UK Tax Brackets and Income Tax Bands 2023-24
How the UK tax brackets work and how you pay income tax on your taxable income across different tax bands (including if you’re self-employed).
How To Calculate Class 4 National Insurance (2023)
Find out how to calculate class 4 national insurance, the tax-free thresholds available and the Class 4 NIC rates for the 2023-24 tax year.
The UK Personal Allowance 2023-24
The UK personal allowance is set at £12,570 for 2023-24. Here’s how it works, how to claim it and how it is clawed back from higher earners.