The chancellor has just announced the Self-employed Income Support Scheme, due to the coronavirus situation. The scheme aims to pay 80% of self-employed profits, as a taxable cash grant, up to a maximum of £2,500 per month. The scheme is planned to last for a minimum of 3 months. The first payments are expected to […]

From 6th April 2020, the threshold for national insurance is increasing. The new threshold will be £9,500 and will apply to both the self-employed as well as employees. For the self-employed, you pay class 4 national insurance contributions at 9% above the threshold on up to £50,000 a year. (In addition to flat rate class […]

Due to the coronavirus covid-19 situation, HMRC has just announced a deferment on the 31st July 2020 payments on account. Normally taxpayers pay their 2020 tax in two instalments – one on 31st January before the tax year finishes, and the second on 31st July afterwards. The 31st July 2020 payment on account is deferred […]

During the current situation, I am available to help clients remotely: Meetings can be held through telephone or skype instead of in person. Documents can be scanned and sent to me either through email or by using an online service such as Dropbox. I am available to answer queries through email or you can use […]

I launched my own business in 2006, helping others to do the same and to assist with their self-employed accounts and tax returns. Over the first ten years in business, I helped many hundreds of people and saw the same issues regularly occurring. That is why I launched my course in 2016, to help people […]

As 2019 draws to a close, the upcoming holidays reduce the amount of time available to complete the 2019 tax returns and avoid fines. We have already passed the 31st October 2019 deadline to submit a paper tax return, so any returns submitted now must be done online to avoid an instant £100 fine. The […]