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Side Hustles: Understand Tax Implications

Side Hustles: Understand Tax Implications

In today’s dynamic economy, many individuals are exploring side hustles to supplement their primary income. Whether it’s selling handmade crafts online, offering freelance services, or renting out property, these ventures can provide financial flexibility...
Why Is It Important to File On Time

Why Is It Important to File On Time

The clock is ticking! The self-assessment tax return deadline is fast approaching, and for therapists and mental health professionals, it’s essential to be prepared. Filing your tax return by 31st January 2025 might feel like just another task on your list, but it’s...
Self-Assessment Tax Return Deadline: 31 January

Self-Assessment Tax Return Deadline: 31 January

For mental health professionals, managing your workload while staying on top of financial obligations can feel overwhelming. However, the 31st January deadline for submitting your self-assessment tax return is non-negotiable, and missing it will result in penalties....
How Does the 2024 Budget Affect You

How Does the 2024 Budget Affect You

Rachel Reeves’ 2024 Autumn Budget brings key changes across income taxes, benefits, and living cost support, designed to aid UK households amid inflationary pressures. Get in touch with us if you want to understand more about these changes and need help. Pension...
Understanding the Non-Resident Landlord Scheme

Understanding the Non-Resident Landlord Scheme

The UK Non-Resident Landlord (NRL) Scheme is essential for landlords living abroad who earn income from UK property rentals. Under this scheme, letting agents or tenants who pay rent directly to non-resident landlords must deduct basic rate tax from the rent before...