In the Chancellor’s summer statement, it was announced that the VAT rate for the hospitality industry would be reduced from 20% to 5% on a temporary basis from the 15th July 2020 to the 12th January 2021. This change has been brought in by the government in an effort to support businesses that have been severely affected by COVID-19.
The Self-Employment Income Support Scheme (SEISS) opens on the 13th of May 2020. This new scheme is designed to provide income support for self-employed workers who have been adversely affected by the coronavirus (COVID-19) outbreak. Read on to find out if you’re eligible, how much you could claim, and how to apply.
On 11th March 2020, Rishi Sunak announced the new UK budget. He presented several announcements that are set to affect businesses, the self-employed, and working families. Here is a summary of the main points from the latest budget.
As we near the end of the tax year, it is important if you are self-employed to start planning for the new tax year. This guide explains when the tax year ends and provides a year-end tax planning checklist.
We have provided a summary for the main 2020/2021 tax year changes to help guide you through the main changes that will come in to force. Taking action at the start of the tax year may give you an advantage. Here’s what you need to know about the 2020/2021 tax year.
IR35 is a piece of legislation designed to counter tax avoidance. It is used to decide if contractors are actually contractors or are just disguised as an employee for tax purposes. This article will help you understand the IR35 legislation and provide tips on if it applies to you and how to be compliant.
A self-assessment tax return is the form used by HM Revenue and Customs (HMRC) to collect income tax from individuals. Whilst income tax is deducted from your salary automatically if you work for a company, most people who are self-employed must complete one each year.
This guide will explain who needs to complete a self-assessment tax return, when they’re due, and how to complete one (with a handy checklist).
Getting funding for your business can give it a chance to grow, whether you’re a start-up, developing or an established business. Read on to learn more about how you can get funding for your growing business.
When starting a new business it’s important to keep costs low in order to run a profitable business.
Modern technology has made accounting easier than ever before.
The Chancellor delivered the Budget yesterday (March 9), with a number of announcements affecting businesses, working parents and the self-employed.