5 Things You Need To Make A Self-Employed Income Support Scheme (SEIS) Claim

The coronavirus pandemic has changed the world we live in on an unprecedented scale and this has had a huge impact on peoples livelihoods with many small businesses relying on loans and other support measures put forward by the government…

10 Things You Need To Make A Claim Through The Job Retention Scheme

The Job Retention Scheme for furloughed employees is now live, if you are looking to make a claim here in this guide we'll explain exactly what information you'll need. 1. Your Government Gateway account details In order to begin to…

The Coronavirus – Small Business & Self-Employed Support Guide

The coronavirus has had a devastating impact on peoples lives & livelihoods. With the governments plans to deal with the pandemic by the closure of all but essential business & businesses being ran remotely there has also is also now…

Important Dates For 2020/21 Tax Year

The new tax year is only a matter of weeks away & whether you are a business owner, self-employed individual or employer it is vital that you are aware of the dates your tax obligations, As such here is our…

How To Claim The Marriage Tax Allowance

If you’re married or in a civil partnership, you may be able to benefit from this tax relief scheme, transferring some of your tax free allowance to your spouse and reducing their tax bill. What Is The Marriage Allowance? The…

Important Self-Employed Tax Changes For 2019

The start of the new tax year is just around the corner and like with any new tax year there have been several changes that the self-employed will have to get to grips before the 2019/20 tax year begins on…

How To Appeal A HMRC Self-Assessment Penalty Notice

HMRC impose penalties for a number of self-assessment issues, including late filing and payment, and tax return errors. These penalties can signal the start of cash flow problems, as well as bringing businesses to the attention of HMRC. There may…

The Ultimate Guide To Capital Gains Tax

Capital Gains Tax (CGT) is tax that’s payable on any profit made after selling assets. It is declared and paid through your Self Assessment tax return. Assets that are subject to Capital Gains Tax if sold at a profit include:…

How To Claim Motoring Expenses

If you're self-employed and own a car you'll probably have some motoring expenses which can be used in your annual accounts in order to reduce your tax bill. Claiming your motor expenses can be a little trickier than most of…

5 Important Record Keeping Tips for Small Businesses

Most small business-owners are so eager to jump behind the wheel of their business and start doing things “my way” that they often overlook the process of record keeping...