Cookies are small text files that are stored on your computer when you visit a website. They are mainly used as a way of improving the website functionalities or to provide more advanced statistical data.
HMRC’s ‘Help for Hustles’ Campaign
Newsletter issue – June 2025
This is a recent initiative by HMRC. The campaign is designed to assist individuals who earn extra income outside their main job, ensuring they understand their tax obligations. HMRC set up this initiative as more people have taken on 'side hustles' to help them through the cost-of-living crisis but may not be aware of the tax implications.
If someone earns more than £1,000 annually from their side hustle, HMRC may classify it as 'trading,' meaning they might need to pay tax. This would also mean the individual would need to set themselves up as a sole trader.
The campaign provides straightforward guidance to help people check if they need to report their earnings and avoid unexpected tax bills and late payment penalties. A side hustle is considered by HMRC to be a method of making extra income outside of someone's regular day job. It can mean anything like dog walking, digital content creation or selling handmade goods.
Charities & Not For Profit
We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...
Farming Industry
The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...
Business News
