Fair Accountants·3d agoSalary or Dividends in 2026/27? What a One-Director Company Should Pay ItselfEvery limited company director eventually asks the same question: should I pay myself a salary, dividends, or both? The internet gives…
Fair Accountants·Nov 6Sole Director Payroll: Do You Need to Pay Yourself Through PAYE?You own the company, you are its only worker, and nobody else will ever see your payslip. So why would HMRC expect you to run payroll for…A response icon1A response icon1
Fair Accountants·Nov 5Pay Self Assessment Through Your Tax Code: The £3,000 Rule and the 30 December DeadlineMost people with a job and a side hustle brace for one big bill every January. Few know that HMRC can take that bill from their salary in…
Fair Accountants·Nov 4UTR Number for Sole Traders: How Long Does It Take in 2026?If you have recently started working for yourself, getting a UTR number is one of the first things you need to understand. HMRC uses this…
Fair Accountants·Oct 30Making Tax Digital Quarterly Updates Are Not Tax Payments: The Cash Myth ExplainedThe next Making Tax Digital quarterly update is due on 7 November. A surprising number of sole traders and landlords think that date is…
Fair Accountants·Oct 28Autumn Budget 2026: What Actually Changed for Sole Traders and Small Company DirectorsThe Chancellor’s first Budget kept the headline rates of Income Tax, National Insurance and VAT where they are. That is the part that made…
Fair Accountants·Oct 27Selling on Vinted, eBay or Depop? When a Side Hustle Becomes Self-EmploymentVinted, eBay and Depop now send details of their busiest sellers to HMRC every year. That sentence alone has caused a lot of worry. But…
Fair Accountants·Oct 27First Year Self Employed? Why Your January Tax Bill Is Bigger Than You ExpectYour first Self Assessment bill is not just what you owe. It is what you owe, plus a deposit on next year’s tax. For many new sole traders…
Fair Accountants·Oct 23Overdrawn Director’s Loan Account: The Tax Bill Nobody Warns You AboutMost company directors do not plan an overdrawn director’s loan account. It builds up quietly: a personal bill paid from the business…
Fair Accountants·Oct 22Sole Trader or Limited Company for a Side Business on a £62k Salary?Someone on a UK business forum recently described a very common set-up: a £62,000 salary, plus a side business making £10,000 to £15,000 a…