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 …
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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) …
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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 …