If you’ve recently moved to the UK — or are planning to — it’s essential to understand how your income, savings, and investments will now be taxed. From April 2025, the UK government abolished the long-standing non-domiciled (non-dom) tax regime and replaced it with a residence-based tax system. These reforms mean that most UK residents …
Read more “How to unlock and achieve tax savings for EU citizens in the UK”
If you live in the UK and have savings, property, or investments abroad, the way your foreign income and gains are taxed has changed dramatically this year. From 6 April 2025, the government’s long-awaited reforms to the non-domiciled (non-dom) tax regime officially came into force — and they’re already having a major impact. At Friendly …
Read more “Non-Dom Tax Rules Have Changed: What Overseas Income Holders in the UK Need to Know Now”
The UK’s financial and tax landscape is evolving rapidly. Whether you are a business owner, freelancer, investor, or landlord, the way you report income, manage accounts, and interact with HMRC is undergoing significant changes. From artificial intelligence in bookkeeping to new tax rules targeting cryptocurrency, side hustles, and property ownership, the period after May 2025 …
Read more “The UK Finance Rules Are Changing Again – How to Protect Your Money”
The UK side hustle economy is booming – with 1 in 4 Brits now earning extra income through TikTok, Etsy, Vinted, freelancing, or delivery apps (ONS, 2025). But as this trend grows, HMRC is watching more closely than ever. The good news? With the right knowledge (and support), staying compliant and avoiding penalties is simple. Do You Need to …
Read more “Side Hustles & Tax: What You Need to Know Before HMRC Comes Knocking”
Running a business isn’t always smooth sailing. Even the most successful companies hit bumps in the road — especially when it comes to cash flow. If you’ve ever worried about making payroll, struggled with slow-paying customers, or felt overwhelmed by rising costs, you’re not alone. In fact, over 80% of small and medium-sized businesses (SMEs) …
Read more “How to Boost Cash flow and Overcome Financial Challenges”
Making Tax Digital (MTD) for Income Tax: What You Need to Know Now At Friendly Assist Accountancy, we’re keen to make you fully aware of Making Tax Digital for Income Tax (more usually called MTD ITSA). This is an important shift in the manner sole traders, landlords, and other self-assessment taxpayers must record and report …