HMRC has been able to move up the expected timescale for claims under the Self-Employment Income Support Scheme (SEISS.) They are now starting to contact those who qualify, and aim to have contacted them on how to proceed with a claim, within the next few weeks. Eligible people will have to confirm claim details online […]
Bounce back loans launched
The government has launched the bounce back loan scheme, which may be of interest to you or someone you know. These are loans of between £2,000 and £50,000 over 6 years specifically for small business. They are available up to a maximum loan amount based on either 25% of 2019 turnover or £50,000 whichever is lower. The loans will be […]
HMRC notice to complete a 2020 tax return
HMRC has been issuing the notices to complete 2020 tax returns – if these arrive in the post they are called a SA316 form. If you have a personal tax account, then you will receive a message (as above) containing the same information. These notices to complete a tax return are a standard format, setting […]
HMRC 2020 tax refunds in only 7 days
Due to starting preparation work early, I was able to submit the first 2019/20 tax returns online to HMRC on Monday 6th April. These were processed by HMRC online next day, and in the case of refunds these then started their journey through HMRC’s checks and systems for issue. Despite two bank holidays, after only […]
Adapting consultancy businesses during the lockdown
This is a sample handout from my online course – start and grow your own consultancy small business from home. During the current situation, there are many technologies that you can employ to continue helping others through your consultancy business even though you may be restricted from your normal methods of business: Holding meetings remotely […]