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self-employed

Self Employed Income Support Scheme Extension (SEISS)

The Government has provided more support for the self employed in the latest March 2021 Budget announcement. 

New financial support measures announced

In his third statement delivered on 22 October, the Chancellor has significantly revised previously announced measures to help protect jobs across the UK whilst the country faces a fresh spike of the virus and a winter of uncertainty.

The Winter Economy Plan

The Chancellor has made a series of announcements about ongoing support for businesses suffering because of the coronavirus, intended to help them through the winter.

COVID-19: SEISS When and how to claim the next payment under HMRC support scheme

The Self-Employment Income Support Scheme (SEISS) was part of the package of measures from the Government to support businesses through the Covid-19 pandemic.  The second and final tranche of grants available to eligible businesses can be claimed online from 17 August 2020.  The closing date for claims for the second and final grant is 19 October 2020.  

Payment of Self Assessment tax in July 2020

Most taxpayers who are within self-assessment and who have an annual tax liability in excess of £1,000 will expect to have to pay tax at the end of January and July each year, and HMRC are currently in the process of sending out statements for the payment due at the end of July.

Payment of Self Assessment tax in July 2020

Most taxpayers who are within self-assessment and who have an annual tax liability in excess of £1,000 will expect to have to pay tax at the end of January and July each year, and HMRC are currently in the process of sending out statements for the payment due at the end of July.

COVID-19: Self-employment Income Support Scheme extended

The Self-Employment Income Support Scheme has been extended by a further three months to cover June, July and August 2020.

COVID-19: Self-employment Income Support Scheme eligibility checker now live

The self-employed can now check their eligibility for the Self-Employment Income Support Scheme (SEISS). 

Tax Diary January 2020

These are the important tax dates for your diary this month. 

Keeping business records if self-employed

Now that we are approaching the end of the 2019-20 tax year it’s worth noting that you are required to keep your self-employed business records – that underpin your self-assessment tax return for 2019-20 - for 5 years after the 31 January 2021 submission deadline.

In Business? Add these to your new year resolutions

The end of the calendar year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the nine months to the end of December 2019 is a must-do.