Category: Tax
-
Understanding inheritance tax allowances
Understanding inheritance tax allowances and thresholds helps you structure your finances, reduce the tax burden on your estate and ensure that more of your assets pass tax-free to your beneficiaries.
-
Tax-free allowances and frozen tax thresholds
Using tax free allowances can help you structure your finances to reduce your tax liability, which is especially important given the frozen tax thresholds are increasing our effective tax rates.
-
How the autumn budget impacts individuals
Discover how Rachel Reeves’ autumn budget will impact your personal tax and finances. From frozen tax thresholds to tax increases on interest, dividends and property income, learn how the budget may impact the money in your pocket.
-
How to do payroll calculations
Running a payroll and unsure of the calculations behind the software? Learn about the basic payroll deductions and national insurance calculations to help make sure your payroll figures are accurate.
-
Do I need to pay tax on my side hustle?
Tax on your side hustle income Do I need to pay tax on my side hustle? With HMRC extending its tax-grabbing tentacles, it’s essential to know when you need to pay tax on your side hustle income. You may need to pay tax on your side hustle if your combined taxable income exceeds the annual…
-
UK staff cost calculations
As a small business owner it is vital to understand the full UK staff cost calculations when recruiting a new employee.
-
Employer national insurance from April 2025
From April 2025 there are significant changes to the rates that UK companies pay employer’s national insurance, potentially increasing staff costs substantially.
-
Income from savings and side hustles – when to submit a tax return
Do you need to complete a self assessment tax return for savings income and income from a side hustle?
-
UK £1,000 trading allowance
Individuals have an annual £1,000 trading allowance which lets you earn up to £1,000 from casual work tax-free.
