Have one or more ‘Side Hustles’?
Join the club. According to recent research by Henley Business School at the University of Reading, 1 in 4 Brits are running at least one business project alongside their full-time job, contributing an estimated £72Bn to the UK economy.
Balancing self-employment with PAYE
Neither your business bank account nor your PAYE payslip tell the whole story and neither can, in isolation, accurately estimate your tax obligations. If you have multiple employers, you may even be overpaying through one of your PAYE arrangements. But don't fret:
We’ve got just the ticket
If you’re looking for a way to manage the tax obligations from your side hustle, alongside your regular PAYE income, we can help. We'll let you know how much extra you need to save for upcoming tax bills and if you're currently overpaying through your employer. If you're starting out, we can even help you register as self-employed, if you need, or set up a limited company if you’d benefit more from that.
Ready to get started?
Only a few self-employed transactions each month? This cut-down offering is designed for you.
PAYE employment plus a handful of self-employed transactions each month
Self employed worker
Record received payslips and self-employed income with The Bean Counter
Know what you'll owe, save as you go
We pepare and submit your self-assessment tax returns
Perfect for the self employed sole trader.
Sales under £85k per year (options below, if you earn more)
Self employed or small business
Link your business bank accounts to the Coconut* app
Record cash and mileage with The Bean Counter
Know what you'll owe, save as you go
We prepare and submit the paperwork, including your self-assessment tax returns
Sales over £85k, or otherwise VATable? We'll need Xero rather than Coconut, and we'll prepare and submit your VAT returns
Add £20/mo
Sales over £150k, or otherwise need accrual accounts? We'll handle the extra paperwork
Add £20/mo