The chancellor has announced the winter economy plan, which provides some additional support to individuals and the self-employed: SEISS Grant ExtensionThere are to be two further payments under the Self-Employed Income Support Scheme. These payments are to cover the period from November 2020 to April 2021. Payments are to be made in two lump-sum amounts, […]
Countdown to HMRC Digital Income Tax in 2023
HMRC has recently announced the proposed timescale to introduce the next stage of Making Tax Digital (MTD) for Income Tax. Who does it affectPreviously MTD applied to those that were VAT registered – from 2023 it will expand to include an additional two groups of people: 1) Those with rental income above £10,000 per year. […]
taxhelp celebrates 14 years in business
I started taxhelp.uk.com back in 2006, specifically to help the self-employed and individuals with their personal tax. Having helped many clients through the last downturn in the economy, from 2008 – 2013, I am sure that their will again be many success stories from small businesses in the coming years. Over my first decade in […]
When is the best time to start a small business?
You could actually find that it may be during a downturn… as many perceived obstacles are actually opportunities if you are aware of them and take advantage. Having started my own business in 2006, I have both grown my own business during the last downturn from 2008-2013 as well as help hundreds of small business […]
Confirmation of payee for bank payments
In order to reduce fraud, confirmation of payee has been introduced for bank payments. This service aims to tie up payments to the correct account name, whereas in the past only the sort code and account number was used. At present, the new systems work for faster payments or standing orders, as well as for […]
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