COVID-19 Support for the Self-employed

CIS-construction-industry-scheme

Covid-19 Support for the Self-employed The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of support for those who are self employed including a Self-employment Income Support Scheme and through deferring Self-Assessment payments on account Deferring […]

How to get your business ready for the end of the Financial Year

How to get your business ready for the end of the financial year

We’re nearing that time of year again.  Some people dread it but there are things that can be done now to ensure the entire process goes much more smoothly.  Get ahead with these tips. Payroll Software If you’re an employer you’ll most likely be paying your employees through payroll software. In preparation for the end […]

What we already know about the 2020 Budget

cashflow

New Chancellor Rishi Sunak will deliver his first budget on Wednesday 11th March but there are some things that we know will happen even before he does. Tax Rates The Government have already promised there will be no rise in the rates of Income Tax, VAT or National Insurance before 2025 meaning rates will stay […]

Find out more about Making Tax Digital

Making Tax Digital

As of the 1st of April 2019 VAT-registered businesses with a taxable turnover above the VAT registration threshold (£85,000) need to keep digital VAT records and submit their VAT return to HMRC using Making Tax Digital-compatible software. This was made mandatory for VAT return periods starting on or after 1 April 2019. Taxable turnover includes […]

I decided to build a Gym

Building a Gym

So I decided to build a gym. For around 5 years I’ve trained in a shed I built around 10 years ago.  And it’s been ok and to be fair I’ve made pretty good progress. But it leaks.  So it gets wet.  And cold.  And sometimes it snows.  Inside.  And that doesn’t bother me. At […]

Self Assessment Deadline

Self Assessment Tax Return

Self Assessment Deadline The Self Assessment deadline is the 31st of January 2020 for the tax year 2018/19.  Many people find completing their self assessment tax return daunting and time consuming.  Some 700,000 failed to submit it to HMRC by the on-line Self Assessment deadline (31st January) in 2019.   Make Sure you are not […]

New Year

New Year

Happy new Year It’s a new year.  And I, for one, am really looking forward to it. Last year was a really busy one.  Like, crazy busy.  Aside from my day job as an Accountant there was lots of work to do. Part of that was my own fault.  Apart from all the home maintenance […]