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Deferral of your Self-Assessment Tax Liability and arranging a payment plan.
If you are unable to make payment of your Self-Assessment Tax Liability, you may be able to apply for a payment plan. HMRC have created and launched an instalment mechanism that you can access directly from your HMRC account. Here is the complete guide.
Featured reads
IR35
Find out what changes are coming, how this could affect you and what we can do to help.
COVID-19
Information for contractors, freelancers and limited company on what help is out there
How to Write a Business Plan? The essential elements you can’t go without
To make sure that your business is heading in the right direction, its important you lay out a business plan so that you can focus on your targets, ensuring every new assignment you undertake is moving you closer to your goals.
The Self-Employment Income Support Scheme (SEISS) reopens for claims this August. Here’s what you need to know.
In this guide, we will cover the main changes to the Self-Employment Income Support Scheme (SEISS). Namely, the amount of available grant for you, from August and the eligibility requirements to submit a claim.
How to maximise your tax efficiency in 2020/21 – Top tax tips to help reduce your tax bill
How to maximise your tax efficiency this year?
There are many solutions you should be aware of in order to fully optimise your take home pay in 2020/21.
To help you get started today, here’s a quick review of some of the benefits available for you and your business.
Changes to the Coronavirus Job Retention Scheme
Chancellor Rishi Sunak has introduced some changes to Coronavirus Job Retention Scheme (CJRS) and announced a further extension to the Self-Employment Income Support Scheme (SEISS). As Britain moves into the first stage of easing the lockdown.
IR35 Update: HMRC got another “Red Card” about mutuality of obligation
On May 6th, upper tribunal judges, Zacaroli and Scott gave a key ruling in regards to one of IR35’s most disputable factors – ‘Mutuality of Obligation’. Read the full story
The Complete Guide to Setting Up Your Limited Company in 6 Easy Steps
Even during these troubled and uncertain Coronavirus times, starting a small business is an exciting step. It puts you firmly in control of your own destiny and earning power while also being a very tax-efficient way...
What are dividends and how are they taxed?
For most small business owners, the best take-home pay solution is a mixture of salary and dividend, whereby you take your tax-free personal allowance as salary and the rest of your income as a dividend. There are certain rules you have to abide by when calculating and taking dividends. Here we explain how dividends work.
UK Dividend tax rates and thresholds for 2020/21
The new tax year starts today and whilst we all have other matters on our mind, its worth noting the changes to the tax thresholds and new changes introduced, summarized below.
COVID-19 support for employers – The Coronavirus Job Retention Scheme (CJRS)
What is the Coronavirus Job Retention Scheme (CJRS) and how it can assist you as an employer? What are the CJRS rules you need to be aware of when your employees are furloughed.
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