New Side Hustle Tax Rules from HMRC – Be Prepared!
There are now more ways than ever for people to make a bit of extra cash on the side. But HMRC is on to you, and it’s essential that everyone stay informed about the latest tax regulations. HMRC has always been vigilant in its pursuit of tax discrepancies. However, significant changes are on the horizon […]
Understanding Self-Employed Expenses: What Can You Claim?
In today’s dynamic job market, being self-employed has become increasingly common. Whether you’re a freelancer, contractor, or sole trader, the flexibility and independence that come with self-employment are appealing. However, it also means you’re responsible for your income tax, making it crucial to maximise your allowable business expenses. In this comprehensive guide, we’ll delve into […]
London’s ULEZ Charge Now a Tax-Deductible Expense for the Self Employed
London’s Ultra-Low Emission Zone (ULEZ) has undergone significant expansion, effective from Tuesday 29th August. This expansion has propelled it to become the most extensive pollution charging initiative worldwide. However, this move has sparked outrage among individuals grappling with financial strain due to the cost of living crisis. The expansion of the ULEZ Mayor Sadiq Khan, […]
Claiming Business Expenses When You’re Self Employed
As a savvy entrepreneur, you know the importance of maximising your profits and minimising your tax liabilities. One way to achieve this is by claiming business expenses. However, there are a few misconceptions that need to be cleared up. First and foremost, claiming business expenses doesn’t mean you’ll get money back from some mysterious source. […]
What You Need to Know About MTD (Making Tax Digital)
MTD, or Making Tax Digital, is an initiative by the UK government, starting in April 2026, designed to make life easier for businesses and sole traders by getting their tax right. MTD is legislation requiring that all tax data and submissions to HMRC be made digitally. What happens from April 2026? Only sole traders and […]
When Do I Need To Register For VAT?
Introduction When it comes to running a business, it is essential to understand the various tax obligations that come with it. One such obligation is the requirement to register for Value Added Tax (VAT). VAT is a consumption tax that is added to the price of goods and services at each stage of production and […]
I’m Self-Employed: Do I Need an Accountant?
At DabHand Accounting, we understand the critical role that accurate financial management plays in the success and growth of any business. As a team of highly skilled and experienced accountants, we are committed to helping you navigate the complexities of financial management, ensuring that your business remains competitive and compliant with relevant regulations. The Challenges […]
