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Reporting Foreign Income: What You Need to Know

Earning money from outside the UK isn’t just for globe-trotting entrepreneurs or remote-working digital nomads. These days, it’s not uncommon to have income trickling in from overseas clients, dividends from international stocks, or rental income from that flat you inherited in Spain. But here’s the catch — HMRC wants to know about it. And if Read More

Setting Up a Tax Savings Plan
Eleanor Brooks April 28, 2025

You’ve had a great year—clients paid on time, projects wrapped successfully, and your freelance income is finally steady. But then January hits, and HMRC sends a tax bill that knocks the wind out of you. If this scenario sounds familiar, you’re not alone. Many self-employed professionals experience this annual panic. Not because they didn’t earn Read More

Operating Through an Umbrella Company: A Contractor’s Guide
Charlotte Whitaker April 22, 2025

Thinking about working through an umbrella company but unsure what it really involves? You’re not alone. Umbrella companies provide an easy way for contractors, freelancers, and temp workers in the UK to get paid. However, they have special factors to think about regarding pay, tax, and control. If you’re new to contracting or exploring options Read More

Equipment and Software: Maximising Your Deductions
Henry Caldwell April 15, 2025

Imagine this: you’ve just bought a high-spec laptop to handle your design work. Maybe you’ve also subscribed to Adobe Creative Cloud, Zoom Pro, or project management tools like Trello Premium. These tools aren’t just costs — they’re essential to your business. But are you making the most of them at tax time? Too many freelancers Read More