DNS-Accountants

Second income? Declare it!

Declar Your Second Incomes

HMRC is targeting undeclared second incomes! A disclosure facility for the Second Incomes Campaign provides individuals an opportunity to declare additional income that is not taxed through their main job, other PAYE scheme, or that hasn’t already been declared as earnings on a tax return.

Declare your second income

You should pay additional tax on income, for example:

  • If you receive fees for consultancy, public speaking or as a training provider;
  • If you receive fees for organising parties, events or entertainment;
  • If you receive fees for taxi driving or hairdressing; or offer fitness training or landscape gardening;
  • If you receive profits from activities such as making and selling craft items;
  • If you receive profits from buying and selling goods, i.e., regularly running a market stall or selling things at boot sales, on ebay, etc.;
  • Receive rental income from a property.

What you must do

Declare all your income. DNS will help you to legally reduce your tax liability, so why put yourself in danger of an investigation and/or fine? Take a look at our blog or talk to your account manager about our tax planning services.

Speak with an expert

Any questions? Schedule a call with one of our experts.

About the author
Blog Author

Sumit Agarwal
Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.

  • Book a free consultation
Receive accounting news and updates in your inbox

About the author
Blog Author

Sumit Agarwal
Sumit Agarwal (ACMA ACA India), the Managing partner of dns accountants is a highly respected accountant with expertise in helping owner-managed businesses.

DNS-Accountants

See how dns can help
you today.

Save tax
Save tax

Our experts will work with you to reduce your corporation, personal or any other tax liability, all within the rules of the UK tax legislations. We’ll ensure you’re claiming all allowances and expense claims that you would be elegible for.

Reduce your admin
Reduce your admin

We give free software to all of our clients. You’ll be able to raise sales invoices, snap pictures of receipts and be MTD compliant with ease. You can even manage your business anywhere there’s an internet connection, thanks to our mobile app!

Grow your business
Grow your business

Successful business owners are those that are on top of their numbers. Businesses are driven by the numbers behind them. If you’re not reviewing your profit & loss or balance sheet regularly, how would you know how your business has performed and how would you make proper business decisions? We can help you make sense of your numbers.

Free Business Software!

Limited time only!

Free Business Software

Say Goodbye to Bookkeeping Hassles: Nomi offers Free Receipt Processing and big savings!

  • Built in payment solutions.
  • Track profitability, debtors and creditors
  • Snap pics of receipts with the mobile app
  • Free Receipt Processing
  • Hasslefree Bookkeeping
  • Cost Reduction
Get Started
Close nomi