Making Tax Digital for income tax is now live, affecting all sole traders and businesses in the UK generating £50,000 or more in turnover for the tax year 2024/25. The
More people in the UK shop for clothes on Vinted than with almost any other fashion brand; only Primark and Next remain more popular than the online marketplace! With 17.4
The UK’s legislative tax authority HMRC has changed the way VAT-registered businesses are penalised following the late submission of VAT returns. It has also recently increased the interest fine for
As one of the world’s most popular online marketplaces, there are plenty of reasons you might choose to start selling on eBay. From clearing the house of odds and ends or
So the postie’s popped one of HMRC’s dreaded brown-envelope letters through your door and it’s left you wondering: What does it mean? Should you be worried? And do you really
Construction industry subcontractors in the UK typically pay income tax through the Construction Industry Scheme (CIS). CIS operates a lot like the PAYE scheme, used by other UK employers to
It’s quite common these days for people to hold down more than one job. Times are tough and needs must, which explains why Sage reported in 2024 that 70% of
As difficult as it is to swallow, the majority of startups don’t last very long. There are lots of reasons why new companies tend to fold within the first three
Growing a business requires more than just hard work, careful planning and a sprinkling of luck; investment in the plant and machinery required to expand your operations is also a
It’s pretty common to have a side hustle these days, especially as the cost of living continues to rise whilst wages stagnate. A side gig can help bring in some
