National Insurance Contributions: What Side Hustlers in the UK Must Pay

National Insurance Contributions: What Side Hustlers in the UK Must Pay

What Is National Insurance and Why Does It Matter?When youre hustling in the UK, whether thats running an Etsy shop, freelancing on the side, or driving for a ride-share app, its crucial to understand National Insurance (NI). In simple terms, National Insurance is a tax system that helps fund vital state benefits such as the…
Claiming Expenses: What Counts as a Deductible for UK Side Hustlers?

Claiming Expenses: What Counts as a Deductible for UK Side Hustlers?

Understanding the Basics of UK Expense ClaimsIf you’re running a side hustle in the UK, understanding what expenses you can legally claim is essential to keeping your finances above board and maximising your take-home pay. The rules set by HMRC (Her Majesty’s Revenue and Customs) draw a clear line between personal costs and those incurred…
10 Common Tax Mistakes UK Side Hustlers Make (And How to Avoid Them)

10 Common Tax Mistakes UK Side Hustlers Make (And How to Avoid Them)

1. Misunderstanding Allowable ExpensesOne of the most frequent tax pitfalls for UK side hustlers is misunderstanding what counts as an allowable business expense. This lack of clarity often leads to two extremes: some over-claim by including personal or non-permissible costs, drawing unwanted attention from HMRC, while others under-claim and end up paying more tax than…
How to Register and Declare Side Hustle Income with HMRC in the UK

How to Register and Declare Side Hustle Income with HMRC in the UK

Understanding Side Hustle Income in the UKIn the UK, a side hustle refers to any work or business activity you carry out in addition to your main employment or primary source of income. HMRC (Her Majestys Revenue and Customs) classifies side hustle income as money earned outside of traditional employment, whether from freelancing, online selling,…