Claiming the HMRC SEISS grant
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 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 […]
Equipment recommendations for working from home (WFH)
This is a sample lecture from my online course – start and grow your own consultancy small business from home. When people start out in business they can be unsure of what equipment they need – and can either waste huge amounts of money on unnecessary items, or else not be able to provide a […]
Government help for the self-employed due to coronavirus
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 […]
31st July 2020 payments on account deferred
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 […]
Tax help during Covid-19
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 […]
Would you like to start a small business from home in 2020?
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 […]
HMRC 31st October 2019 Tax Return Deadline
We have now passed the 5th October deadline to register for a 2018/19 tax return with HMRC. However, for those already registered with HMRC and issued with a notice to complete a tax return form, we are also rapidly approaching the 31st October 2019 tax return submission deadline. While the October deadline is intended for […]
5th October 2019 tax deadline
While people may remember the upcoming 31st October tax return deadline, and the 31st January one… often they forget about the 5th October deadline. If you have received untaxed income (such as from self-employment) in the year to 5th April 2019, then you must complete a 2018/19 tax return. In order for HMRC to issue […]
Small Business Saturday & #SmallBiz100 – 2019
Small Business Saturday will be held on 7th December 2019 in the UK. As part of the build up to the event, Small Business Saturday UK will be highlighting 100 small businesses. The #SmallBiz100 as they are known have, over the last 6 years, received exposure on Social Media as well as invitations to receptions […]