Side hustles have become increasingly popular across the UK. Whether you’re selling products online, freelancing in your spare time, or earning money through content creation, it’s never been easier to generate extra income. If you are looking for a professional account in Kent, get in touch with King & Taylor today. But one question comes up again and again: Do you actually need to pay tax on a side hustle? The answer depends on how much you earn and how regularly you’re making money. Below, we break it down in a simple, practical way so you know exactly what applies to you. The £1,000 Trading Allowance Explained The key rule to understand is the UK’s £1,000 trading allowance. This allows individuals to earn a small amount of income from side activities without needing to pay tax or report it to HMRC in most cases. To make it clearer: Annual Side Hustle Income What It Means £0 – £1,000 Usually no tax and no need to declare Over £1,000 Must inform HMRC Profit after expenses Tax may be […]

Earning money from TikTok or Instagram might feel informal, but HMRC treats it like any other income. Whether you’re receiving brand deals, affiliate income, gifted products, or ad revenue, you may need to declare it, even if content creation started as a hobby. In this guide, King & Taylor explains how tax works for TikTok and Instagram

Buying a property for your business is a major decision—one that can offer long-term stability, potential tax benefits, and a valuable asset. But it’s also a move that comes with financial risks, legal considerations, and funding challenges. At King and Taylor, we help businesses in Sittingbourne and across the UK make smart financial decisions. In this guide, we’ll