Understanding Charity Fund Types UK: Restricted, Unrestricted, Designated & Endowment
Knowing the different charity fund types UK is crucial for managing a UK-based charity successfully. This guide explains the main fund categories: restricted, unrestricted, designated, and endowment funds. By understanding these, you can ensure compliance and transparency in your charity’s finances. At Skyrock Accountants, we help charities across the UK manage their finances confidently so […]
40% Tax Bracket UK: How It Works and How Much You Need to Earn
Many people worry about hitting the 40% tax bracket in the UK, but few fully understand what it actually means. Are you taxed 40% on your whole income? Absolutely not. Let’s clear up the confusion—and help you save money in the process. At Skyrock Accountants in Maidstone, we help professionals and small business owners understand […]
Side Hustle Tax UK: What Taxes Do Side Hustle Businesses Pay?
If you’re running a side hustle in the UK, understanding side hustle tax UK rules is essential. Whether you’re freelancing, selling products online, or renting out a room, knowing what taxes apply will help you stay compliant and avoid surprises from HMRC. In this guide, we’ll break down the key taxes side hustle businesses pay […]
