In the ever-evolving world of digital commerce, HMRC has raised the stakes for...
Navigating the New Landscape: Tougher Tax Rules for Side Hustles on Online Platforms
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Navigating Student Loan Repayments
Our team recently discussed student loan repayments. Many UK individuals have been overpaying on their loans. As the payment is automatically deducted from an individual's wage, many often don’t even realise it! It was found that individuals overpaid due to 4...
2024 Spring Budget Summary
The long-awaited Spring Budget unfolded yesterday, unveiled by Chancellor Jeremy Hunt. The 2024 budget strategically addresses the pressing inflation and debt issues while fostering economic growth. The introduction of lower taxes sparks optimism for the citizens of...
A Reminder about National Insurance
Have you ever taken a moment to reflect on your National Insurance (NI) contributions and their role in securing your financial future? If not, now is the time to do so. Check how many years you've paid into NI and how many more are needed. That's to qualify for full...
February’s ‘Whit & Wisdom’: Navigating the Airbnb Terrain: Insights into Hosting and Tax Considerations
Tax rules are always changing. Currently, there is an increased surge of interest in taxing rental properties. This attention has not only drawn in new clients to our services. It has also hit closer to home for Anna, the director of Whittaker & Co. She uses the...
Understanding Payments on Account: A Guide for Sole Traders and Self-Employed Individuals
Are you a sole trader or self-employed? Are you trying to navigate the complexities of Payments on Account? If so, rest assured, you’re not alone! Clients often ask us about Payments on Account. This happens when their tax bill is over £1,000. To help you understand...