by Gareth Thomas | Oct 13, 2025 | Accounting, Business, Employment, National Insurance, Taxes
Your tax code might look like a random mix of numbers and letters, but it plays a crucial role in making sure you pay the right amount of tax under PAYE. If it’s wrong, you could be paying too much — or too little — tax. Let’s break down how tax codes work, what the...
by Gareth Thomas | Oct 10, 2025 | Accounting, Business, Finance, Taxes
If you run your own company, you’ll know there are several ways to extract profits. One of the most common strategies is to pay yourself a small salary and then take additional profits as dividends. This is often the most tax-efficient approach — but salary plays...
by Gareth Thomas | Jun 11, 2025 | Accounting, Business, Finance, Taxes
The 2024/25 tax year is officially over, and if you’re one of the millions who needs to complete a Self Assessment tax return, you can now get started. The deadline to file online might not be until 31 January 2026, but there are some real benefits to getting it done...
by Gareth Thomas | Aug 7, 2024 | Accounting, Business, Careers, Finance
Setting Up as a Sole Trader The way you operate your business determines the taxes you pay and your reporting obligations. If you work for yourself and run your business as an individual, without forming a limited company, you’re considered a sole trader. This is...
by Gareth Thomas | Jun 24, 2024 | Accounting, Business, Careers, Employment, Finance, Taxes
Understanding Tax and National Insurance for Small Self-Employment Earnings Are you juggling a side hustle alongside your main job? Whether it’s crafting, baking, tutoring, or offering local services like babysitting, it’s essential to grasp the tax and National...
by Gareth Thomas | May 30, 2024 | Accounting, Business, Employment, Taxes
With the dramatic shift towards working from home since March 2020, sparked by the COVID-19 pandemic, an interesting question has emerged around the tax implications for UK employees. As of January 2023, an astounding 44% of workers in the UK—that’s about 23.4...
by Gareth Thomas | May 13, 2024 | Accounting, Business, Employment, Taxes
Making Sense of Training Costs for the Self-Employed: What You Need to Know Are you a self-employed individual, a sole trader, or running your own unincorporated business? If so, there’s some good news on the horizon regarding training costs that could benefit your...
