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HMRC
Making Tax Digital 2026: Mandatory £50k thresholds and new 5-filing rules for sole traders,…
SPECIAL REPORT
Making Tax Digital (MTD) for Income Tax becomes mandatory on 6 April 2026 for anyone with a qualifying income over £50,000. This threshold is based on your gross turnover from 2024/25, not your profit. This report covers…
Forget the £100 Fine: HMRC’s £10 daily penalties and 7.75% Interest Rate Could Cost You £££s…
The £100 penalty for missing the 31st January midnight self-assessment deadline is negligible. That is, compared to what HMRC will charge you in interest.
The more pressing financial danger facing millions of self-employed workers is…
The Bryan Robson case: What every UK freelancer needs to know about image rights and IR35
Learn how the Bryan Robson IR35 case affects freelancers working through limited companies. Understand image rights, contract requirements, and how to protect your income from unexpected tax bills
In January 2025, former Manchester…
UK vs Jersey: Where do the self-employed pay less tax?
The UK's frozen tax thresholds and rise in tax on dividends could be pushing more self-employed workers to consider Jersey's 20% income tax cap. But once you factor in social security and living costs, which location leaves you better off?…
Starmer defends his Chancellor and the Budget. But business owners say the country has been…
Despite Chancellor Reeves facing calls for her resignation, Prime Minister Starmer stands by her, the Budget and fiscal gap claims
Budget background and backlash
Business owners and MPs, such as Shadow chancellor of the Duchy of…
Reeves’ Budget raids savings, family legacies, pensions and self-employed “wealth”. But on the…
“Rachel Reeves says the government wants to make the best place in the world for businesses, but has landed a handful of blows to business owners today,” Matthew Knight, Chief Freelance Officer at The Independency Co., tells The Freelance…
Accountant explains why it’s not as scary as you may think to take on a part-time PAYE job as…
THE ORIGINAL ARTICLE HAS BEEN UPDATED WITH MORE TIPS
If you have ever disregarded what looks like a part-time dream job solely on the basis that it is PAYE, you might want to reconsider, especially if freelance jobs in your area of…
Fraud alert: Agencies and contractors face prosecution over latest “tax credit” payroll…
HMRC has issued a warning to the recruitment sector regarding fraudulent payroll schemes. These models use "acquired tax credits" to falsely reduce tax liabilities (PAYE and NICs), exposing agencies, employers, and contractors to huge…
UK’s self-employed brace for Budget blitz: Dividend crackdown and exit tax hikes confirmed
UK self-employed workers, from limited company contractors to sole traders, are facing a relentless squeeze on their take-home pay and retirement plans, driven by impending tax hikes and new mandatory compliance rules for the 2025/2026 tax…
STOP: Are You Losing Child Benefit to the High-Income Charge?
The £60k–£80k Band Explained & Why Freelancers Must Claim Differently to PAYE workers. Plus, why, despite the charge, it could still be advantageous to claim Child Benefit
What you need to know now
If you are a self-employed…