In recent years, selling goods online has become a popular way to earn extra income. Whether through platforms like eBay, Etsy, or Facebook Marketplace. And, because of this, lots of people now ask “How much can I sell online before paying tax in the UK?” The answer depends on a few factors, including how much […]
Category Archives: Self Assessment Tax
If you’ve been selling clothes or other items on Vinted, you might be wondering, “Do I need to tell HMRC about my Vinted income?” The answer depends on a few factors, including how much you’re earning and whether it’s considered a business activity. In this post, we’ll help you understand your tax obligations when using […]
We’ve had lots of enquiries recently with people asking us ‘Do I need to report my online income?’ And we’ve helped them with that so we thought we’d create this post to help you. In today’s digital age, many people in the UK are earning extra income from online platforms. Whether it’s selling products on […]
If you’re self-employed or earn income outside of PAYE, you’ve likely asked: “How do I pay my Self Assessment?” In this guide, we’ll walk you through the process step by step, ensuring you meet HMRC’s deadlines and avoid penalties. How do I pay my Self Assessment? Step 1: Complete Your Tax Return Before making a […]
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Feb
Feb
Managing your finances effectively is crucial for the success and sustainability of your business. When working for yourself, a key aspect of that is understanding and taking advantage of allowable expenses. In this blog post, we’ll delve into the world of allowable expenses for the self employed, helping you navigate the complexities of the UK […]
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Feb
Feb
‘What travel expenses can I claim?’ is a question we’re often asked by clients So we thought we’d write this post to help you understand the answer to that very question. What travel expenses can I claim? Traveling for business or work-related purposes often involves a myriad of expenses, and understanding what you can legitimately […]
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Feb
Feb
As a travel blogger, your passion for exploring new destinations and sharing your experiences with the world often takes you to breathtaking places. From savouring the aroma of street food in Bangkok to capturing the sunrise over Santorini’s azure waters, your journey is not only one of discovery but also a business endeavour. Just like […]
There’s been a dramatic rise in online searches for eBay tax recently. This is, in part, due to confusion over changes to the platform’s requirement to report to HMRC. It’s been a hot topic in the press so we wanted to try and shed some light on the subject. Although the way eBay, and other […]
In the ever-evolving landscape of online marketplaces, Vinted has become a staple for UK sellers looking to declutter their closets and find unique fashion gems. However, as the popularity of Vinted grows, so does the need for sellers to understand the income tax implications of their transactions. As a UK accountant, I’m here to shed […]
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Jan
Jan
The sharing economy has revolutionised the way people travel, with platforms like Airbnb providing unique accommodations and experiences. Airbnb tax has been a hot topic in the press recently and, as a UK host, it’s crucial to unravel the tax implications tied to your rental income. In this blog post, we’ll look at Airbnb tax […]