SEISS grants 4 and 5 announced

SEISS grants 4 and 5 announced

It was announced in the Budget that there would be two SEISS grants: Fourth Grant – covering three months at 80% of average trading profits. Paid out in a single instalment and capped at £7,500.You must be a self-employed individual or a member of a...
SEISS grants 4 and 5 announced

Tax Allowances Frozen to 2025/26

In the Budget it was announced that, rather than increase in line with inflation each year, several personal tax allowances are to be frozen.The below allowances will remain at the 2021/22 levels through until 2025/26: Personal Allowance – £12,570 Basic Rate...
James McBrearty in TAXAdviser magazine

James McBrearty in TAXAdviser magazine

As a fellow of my tax association, I was featured in the February 2021 issue of TAXAdviser magazine: The feature discusses my tax career and how the ATT qualification, ATT fellowship and volunteering for the association have all had a positive impact: James McBrearty...
Confirmation of payee for bank payments

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...
Small Business Saturday 2020 & the #SmallBiz100

Small Business Saturday 2020 & the #SmallBiz100

Many people will be looking to promote their business in the current market, something I can highly recommend is Small Business Saturday and also the Small Business Saturday 100.There are many great opportunities to gain publicity for your small business, and there...
SEISS second payment announced

SEISS second payment announced

The Self Employed Income Support Scheme (SEISS) has been extended to cover a further period of three months.The second payment, which will be the final one under the SEISS scheme, is to be capped at £6,570.The second grant will open for applications in August, and...