You’re currently employed but want to start up a business as a sideline either because you are transitioning from a hobby or you’re keen to supplement your income. Either way, you’re ready to take the leap but haven’t quite got your head around the tax side of things. Am I right? The first thing to […]
HMRC – Do you have a second income?
In April 2014 HMRC published details of their Second Income Campaign. This gives taxpayers the opportunity to bring their tax affairs up to date by declaring and paying unpaid tax on second incomes. A second income could include: consultancy fees, for example, providing training organising parties and events providing services such as taxi driving, hairdressing […]