Yes – if you're earning over £1,000 per year from self-employment or side income, you’ll need to register with HMRC.

Usually through a combination of salary and dividends. We’ll help you work out the most tax-efficient way.

Only if your business turnover is over £90,000 in a 12-month period (as of 2024/25). We’ll
help you register and file if needed.

It’s HMRC’s digital reporting system. From April 2026, if you earn over £50,000 from self-employment or rental income, you’ll need to submit quarterly reports via approved software.

Yes – all of our fees are agreed upfront and confirmed in writing. No surprises.

Absolutely. We’ll use whatever method suits you best.

Yes – we offer a free, no-obligation initial consultation to understand your needs and give you clear advice.

Yes – income from short-term holiday lets must be declared on your tax return, even if you’re only renting occasionally.

Yes – you can claim allowable expenses, but only those directly related to the letting. We’ll help you understand what counts.

If your rental income (before expenses) exceeds £50,000 from April 2026, or £30,000 from 2027, then yes.

If you sell items regularly or with the intent to make a profit, you likely need to register as self-employed and report it. HMRC now receives data directly from platforms like eBay, Vinted, and Etsy.

Yes – the annual trading allowance is £1,000. If you earn more than that, you’ll need to declare it.

As soon as you start trading and expect to earn over £1,000 per year. We can register you and talk you through the next steps.

It depends on your goals, income, and risk. We’ll explain the pros and cons clearly so you can make the right choice.

Keep track of all income and expenses – receipts, invoices, mileage, and bank transactions. We’ll help you stay organised digitally.

Yes – if it's not your main residence, you may have CGT to pay. You must report and pay within 60 days of completion.

It's based on the sale price minus the purchase cost, legal fees, and allowable improvements. We can calculate and report it for you.

Once your turnover exceeds £90,000 in a 12-month rolling period. We can help you monitor this and handle registration when it’s time.

Yes – VAT returns must be submitted through MTD-compliant software like QuickBooks or Xero.