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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
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What is the difference between sales and net profit?
Why understanding the difference between sales and net profit is vital for your business On average 60% of UK business start-ups fail within the first 3 years. One of the biggest contributing factors to failure is running out of cash. You may have heard a business owner waxing lyrical about their business profits only for
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Frequently asked questions about investing
Our 10 frequently asked questions about investing cover some of the core investment fundamentals, helping you improve your knowledge and build confidence when making investment decisions.
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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.
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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?
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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.
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Structuring your money tax efficiently
Structuring your money tax efficiently will help you achieve your long term financial objectives
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Navigating parenthood, children and money
This article provides a monetary guide for new parents in the UK, covering statutory maternity pay, leave, and maternity allowance. It covers topics such as child benefits, free childcare, tax-free childcare, and strategies for early savings for children like Junior ISAs and child pensions.