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Finances explained
How can hospitality businesses improve their cash flow?
Maintaining a healthy cash flow is crucial for the success of any hospitality enterprise. Whether you own a pub, hotel or restaurant, you must ensure that there is enough money coming in to cover expenses, pay employees and reinvest in your business. Unfortunately,...
What are the tax benefits of holding property in a pension?
If you are a property investor or entrepreneur looking to diversify your retirement portfolio, holding property within a pension provides significant tax benefits. By taking advantage of these benefits, you can maximise your return on investment and secure a more...
Do influencers have to pay tax on gifted items?
As a social media influencer, receiving free products and experiences are often part of the job. But what are the tax implications of receiving these gifts? As accountants, we often get asked by influencers if tax is due on PR gifts they receive. As with many areas of...
Do content creators need to pay tax in the UK?
If you are a content creator in the UK, earning money from platforms such as YouTube, TikTok, Onlyfans or Twitch, you might be wondering if you need to pay tax on your earnings from these platforms.  The short answer is yes – when you start to make an income of over...
Tax Returns: When do I need to do one?
There are certain circumstances where you will need to complete a tax return even if you are an employee and have taxes deducted from your salary.
The HMRC Side Hustle Crackdown: What it means for Online Traders
The pandemic saw an uptake in people starting online businesses and side hustles to bring in extra income and now HMRC is catching up.
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