Side Hustles - When Does the Tax Man Need To Know?

It's never been easier to create a "side hustle" - a few extra quid on the side of your main income - but at what point does the tax man need to know? Are you a regular seller of items on sites like eBay or Vinted? Did you know that there's limited to the profits you can make before you are required to declare it? Don't worry because in this episode, we'll help you understand exactly what's what and what you need to do. This episode of The Ledger Lounge is hosted by Matthew Taylor and Katie Allen from ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠James Scott Accountants⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠in Oldham, Greater Manchester. It is recorded at and produced by ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Northern Media Co.⁠⁠ in Oldham. The Ledger Lounge – Friendly DisclaimerEverything we chat about on The Ledger Lounge (and in these show notes!) is meant to be helpful, interesting, and easy to understand — but it’s not personal tax, accounting, financial, or legal advice. Everyone’s situation is different, so always speak to a qualified professional before making decisions based on anything you hear in the show.We do our best to keep things accurate and up to date, but rules and regulations can change. The views shared by our hosts and guests are just their own, so please don’t take them as official advice from any organisations we’re connected to. Basically: enjoy the conversation, learn something new, but don’t make big decisions without proper guidance!