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The Tax area has information and guidance on technical and practical tax matters. There are links to events, the latest tax news and the Tax Faculty’s publications, including helpsheets, webinars and Tax representations.
HMRC is writing to individuals who may have tax to pay on online marketplace sales made in 2022/23 and earlier tax years. Separately, HMRC has launched a new campaign to help people understand the tax implications of their ‘side hustles’. VAT compliance controls: new guidance from HMRC ...
you need to report your new side hustle income on your tax return. But before getting started, it’s essential to understand all the possible side gig work tax implications so you aren’t hit with a surprise tax bill or tax penalty come tax time. ...
Sellers on eBay, Airbnb, and others in the UK may soon face some interest from the country's tax body, with digital platforms now obliged to report the financial details of some users to His Majesty's Revenue and Customs. Online selling has become a handy way for people to create ...
Tax Returns | by Elyssa Carlos | Published on Feb 25, 2025 Receiving a 1099 is becoming more and more common with the rise in small businesses, side hustles, and the desire for a second stream of income. With the additional income comes a different tax filing process. If you receive ...
Freelance, contractor, side hustle, or self-employed income and expenses About 44% of users qualify. If you don’t qualify for a basic federal tax return, we have otherpaid tax filing optionsto help you easily file taxes online with TaxAct. ...
State and Local Income Tax – You may deduct any of these taxes that were withheld from your wages as a W-2 employee for the year, which is useful for 1099 contractors who have a regular job on top of their side hustle. If that doesn’t apply to your situation, you also have the ...
Taxumo blog offers tips and resources on taxes, business registration, and entrepreneurship to help you grow your business. Check out to learn more!
Tax Returns | by Elyssa Carlos | Published on Feb 25, 2025 Receiving a 1099 is becoming more and more common with the rise in small businesses, side hustles, and the desire for a second stream of income. With the additional income comes a different tax filing process. If you receive ...