Simplify your payments: Why fumopay could be a game changer for sole traders and SMEs

The profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.

HMRC has made it clear that individuals holding cryptoassets, like Bitcoin, need to pay tax on any income or gains that have been made.

If you’ve built your own home, or completed part of the build project yourself, under the VAT homebuilders’ scheme you’re entitled to reclaim the VAT paid on materials.

The headline news from the Chancellor’s Autumn Statement was the changes to National Insurance contributions (NIC) for the self-employed and employees…

There are significant Making Tax Digital (MTD) simplifications planned, being introduced in 2026. These changes include…

For the self-employed, the cash accounting basis will replace accruals as the standard tax reporting method for 2024-25 (first year of tax year accounting).

This very much depends on whether you’re trading or not. Or in other words, are you making a profit from it?