Category: Tax
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How the UK £1,000 trading allowance works (2026/27)
The trading allowance lets individuals earn up to £1,000 of trading or casual income per tax year without paying income tax or national insurance, and without needing to register for self assessment.
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Tax changes taking effect from April 2026
Tax changes taking effect from April 2026 include increases to dividend tax, the introduction of MTD for self-employed individuals and landlords with annal income over £50,000
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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.
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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.
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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.
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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.
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Do I need to pay tax on my side hustle?
Taxing your side hustle income With HMRC extending its tax-grabbing tentacles, it’s essential to know when income from a side hustle becomes taxable. You may need to pay tax on your side hustle if your combined taxable income exceeds the annual tax-free personal allowance of £12,570. For most people, taxable income consists of their salary,…
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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.
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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.
