SELF-EMPLOYMENT INCOME SUPPORT SCHEME PART II

SELF-EMPLOYMENT INCOME SUPPORT SCHEME PART II

Good news for many of our clients: there will be a second tranche to the Self-Employment Income Support Scheme (SEISS).  The eligibility criteria are exactly the same as the first grant.  The amount this time, however, will be based on 70% of average monthly trading...
BOUNCE BACK LOAN

BOUNCE BACK LOAN

The “bounce back loan” initiative is a 100% government guaranteed bank loan that you can apply for between £2,000 and up to 25% of turnover or £50,000 maximum. Your turnover figure is fees before expenses which is found in box 15 on page SEF1 on your tax return or the...

Tax Return Penalties

This is the season of Late Filing Penalties. The £100 penalty is for missing the 31 January deadline for filing the 2018 Self-Assessment Tax Returns and HMRC has announced they have now been issued. They are automatic penalties, but taxpayers have the right to appeal...

A Good News Headline!

National insurance is usually seen as the dull sibling of Income Tax – a complicated fund-raiser for HM Treasury and HM Revenue and Customs. Complicated because it is divided into classes with starting points which are never memorable round figures. The good news?...