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?
Perfect for the newly self employed or sole trader.
Sales under £150k per year
Self employed or small business
Business current account and debit card from Coconut* (or link an existing account to their app)
Know what you'll owe, save as you go
We prepare and submit the paperwork, including your self-assessment tax returns
Limit your personal liability and remove funds via a tax-efficient salary and dividend package.
Sales up to £10.2m per year
Limited company business
Limited company account and debit card from Coconut* (or link an existing account to their app)
Know what you'll owe, save as you go - with salary and dividends efficiency
We prepare and submit the paperwork, including your corporation tax returns and one director's self-assessment tax returns