Tips and Insights for Self employed, freelancers, bootstrappers and people who want there ideas to work and get more from their business
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Over the past few years, the UK tax and business landscape has become increasingly complex for internationally connected individuals and small business owners. Changes around immigration, overseas income, compliance and business regulation are already affecting many people, even before some proposed policies officially become law. …
Freelancing gives you freedom. Tax deadlines do not. If you didn’t file or pay your Self Assessment by 31 January 2026, don’t panic. You are not the only one, and this is still very fixable. What matters now is what you do in February. Here’s how to reduce penalties, calm HMRC down, and set yourself …
Read more “Tax Deadline Over? We Can Fix It. Stress free Accountancy”
See our weekly workshop Tax made Simple Running a small business is hard work — whether you are based in the North East, working with overseas clients, or living in the UK with international income. When margins are tight and tax rules are complex, every pound really does count. Get our Tax Savings Guide here. …
Read more “Smart & Practical Ways for Local Businesses to Save Money”
If you run a business or work as a sole trader, you’re already familiar with payroll, tax, and compliance. But did you know that household benefits and tax-free schemes available to your employees or even to you can also impact your financial planning, payroll, and the advice you provide? If we talk about benefit it …
Read more “Maximise Income and be in the Know about Benefits”
Why Qualified Accountants Matter More Than Ever Across the UK, small businesses and individuals are being targeted by unregulated tax advisers promising quick refunds or cheap returns. While the offer sounds appealing, many clients are later discovering missing refunds, unexpected HMRC penalties, or even fraud. Recent warnings from the Institute of Chartered Accountants in England …
In business, every set of accounts tells a story.Sometimes it’s one of steady growth and smart planning. Other times, it’s a warning about challenges just around the corner. Recently, a well-known Newcastle city-centre venue, The Earl of Pitt Street, closed its doors after more than ten years of trading. For many locals it was more …
Common Tax Mistakes and Forensic Accounting Implications for Sole Traders If you are a sole trader, researcher, founder, or entrepreneur managing your own tax returns and bookkeeping, you may be at risk of accidental errors and potential fraud. HMRC compliance checks often uncover misreported income, missing receipts, and mixed-use expenses. This situation highlights the value …
Filing your Self-Assessment tax return on time is crucial to avoid escalating penalties and interest charges. At Friendly Assist Accountancy, we understand the complexities of the UK tax system and are here to help you navigate it effectively. Key Deadlines Note: If you register for Self-Assessment after 5 October 2025, your filing deadline will be …
Read more “Avoiding HMRC Self-Assessment Penalties: What You Need to Know”
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”