Self Employed and Freelancers – Page 2 – Friendly Assist Accountancy

Unlock Affordable Lease Accounting Support for Small Charities Before SORP 2026 Hits

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As charities prepare for the Charities Statement of Recommended Practice (SORP) 2026, one of the most significant accounting changes is the new treatment of leases. This update impacts all charities with lease agreements—whether for premises, vehicles, or equipment—and especially those with income under £250,000. What is Changing? From 1 January 2026, the Charities SORP requires …

Smart & Practical Ways for Local Businesses to Save Money

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by Steffen Kemmerzehl – Friendly Assist Accoutancy 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. At Friendly Assist Accountancy, we support sole …

Are Your Business Finances Built on Solid Foundations?

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Steffen Kemmerzehl, MAAT, AATQB – The Accounting Hub Running a successful business takes more than hard work. Whether you are a roofer replacing damaged roofs across Newcastle, a builder managing multiple projects, or a business owner in another industry entirely, strong financial management is what turns effort into lasting profit. Many business owners tell us …

Maximise Income and be in the Know about Benefits

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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 …

Why Choosing a Qualified Accountant Matters in 2026

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As HMRC and Companies House continue introducing new compliance requirements, choosing a qualified and regulated accountant has never been more important. Recent warnings from the AAT, ACCA and ICAEW highlight the risks posed by unregulated tax advisers and refund agents operating across the UK. At the same time, the introduction of identity verification requirements and …

When Growth Plans Fall Through: What Newcastle’s Earl of Pitt Street Can Teach Every Small Business About Financial Planning

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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 …

How to get Greater Savings and Peace of Mind

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Common Tax Mistakes and Forensic Accounting Implications for Sole Traders 17 Oct 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog Many sole traders make simple tax mistakes without even realising it. If you manage your own bookkeeping or complete your own Self Assessment tax return, small errors can quickly lead to …

HMRC Self Assessment Penalties: How to Avoid Them and What to Do If You Already Have One

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The Mistakes That Could Cost You Hundreds 13 Oct 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog Most people who receive an HMRC penalty never expected it to happen. They are not trying to avoid paying tax or hide their income. In many cases, the problem starts with a simple oversight, such as missing a …

How to Avoid the Side Hustle Tax Trap UK

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What you need to know 29 Sept. 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog The UK side hustle economy is booming, with millions of people earning extra income through TikTok, Etsy, Vinted, eBay, freelancing, delivery apps and online marketplaces. Are you selling on Vinted don’t get caught out by HMRC …