Starting out as self-employed in the UK is relatively straightforward. Many people begin as a sole-trader (another term for running your own business as an individual and being self-employed) whilst they are also working for someone else. This means you can test the...
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* Supported income streams: Self-employment income < £85k; Property income < £85k; PAYE salary income; Dividend Income; Bank interest
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Latest news
Have you got your P60?
If you’re employed by an employer in any capacity, you’ve probably received your 2021/22 P60 by now. If you haven’t, it’s a legal requirement that you receive it by 31 May latest. Look out for it as it’s an important part of your tax return. What is a P60 and how do...
The 60% tax squeeze
If you’re earning over £100,000 you should be looking forward to spending your money on nice things, not looking forward to a tax bill from HMRC. However, most people are shocked to discover you pay around 62% in tax and national insurance on earnings between £100,000...
