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Self Assessment this year, MTD next year… Are you ready?

Sep 29th 2025

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Article by Coconut For many sole traders and small private UK landlords, things are about to get more challenging, with the fast-approaching phased introduction of Making Tax Digital for Income Tax. This will drastically change how most sole traders and landlords are required by law to maintain records of their income and expenses, as well […]

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How to Manage Payroll as a Small Business Owner

Sep 10th 2025

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Managing payroll is an essential task that can quickly become complex, particularly for small businesses. Ensuring employees are paid correctly, staying compliant with tax regulations, and maintaining accurate records can soon feel overwhelming. The good news is that with the right approach, and the right tools, payroll can become far more manageable. In this guide, […]

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Proposed Tax Return Threshold Increase: Welcome News For Side-Hustlers

Aug 28th 2025

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Article by GoSimpleTax A government proposal to increase the Self Assessment tax return threshold for traders from £1,000 to £3,000 before the end of this parliament (2029) would mean 300,000 people (98% of them self-employed) no longer having to file a tax return.   An estimated 90,000 would also have no tax to pay and many […]

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