Undisclosed Income

2025-06-26

Family Wages: Getting it Right

By Solaratax Paying family members through your business can be a smart way to reduce overall tax liability—if done correctly. However, when handled without due care, it can lead to costly mistakes and scrutiny from HMRC. Why Consider Paying Family Members? In a family-run business, spreading income across family members can make good tax […]

2025-06-17

The Changing Landscape for UK Landlords: Why Specialist Property Accounting Is More Vital Than Ever

The UK’s property market is undergoing a significant transformation, creating both challenges and opportunities for landlords. With constant changes in tax legislation, rising interest rates, and tighter compliance requirements, managing a property portfolio is more complex than ever before. Property investment was once considered a stable and tangible way to secure a comfortable retirement, generating […]

2025-04-15

UK Tax Rates, Thresholds & Allowances for the Self-Employed: 2025/26 Guide

If you’re self-employed, a sole trader, or running your own limited company in the UK, understanding how much tax you owe is essential. This comprehensive 2025/26 tax guide explains everything you need to know — from income tax to National Insurance contributions (NICs) and dividend tax — all compared to the 2024/25 tax year. 🗓️ […]

2024-12-23

Do You Need to Pay UK Tax on Foreign Income?

If you earn income from overseas – whether it’s wages, rental property, investments, or pensions – you may need to pay UK tax on it. But this depends on your UK residence and domicile status, and recent changes coming into effect from 6 April 2025 could significantly impact your obligations. What Counts as Foreign Income? […]