Explaining the ‘side hustle tax’

Digital platforms such as eBay, Etsy, Airbnb, Amazon and Vinted are now required to share seller information with HMRC, as of 1 January 2024.  Under the new rules, HMRC will receive a breakdown of revenue generated by platform users, which HMRC will use to match up against submitted Self-Assessment tax returns to ensure that the […]

Basis Period Reform: How it impacts you and your business

If you’re a sole trader or partnership that uses an accounting date between 6 April and 30 March, the way HMRC assesses your profits is changing.  From 6 April 2024, you will be required to report your business tax information to HMRC using the tax year running from 6 April to 5 April, regardless of […]