Sole Trader

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  • What tax do I need to pay by 31 January 2021?

    What tax do I need to pay by 31 January 2021?

    The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021.     

  • Make the most of your spare time.

    Make the most of your spare time

    In the current economic climate, many people are looking for ways to increase household income.     

  • Should I reduce my payments on account?

    Should I reduce my payments on account?

    The deadline for filing your 2019/20 tax return is fast approaching, as is the due date for the first payment on account for 2020/21.

  • SEISS extended again.

    SEISS extended again

    The Self Employment Income Support Scheme (SEISS) provided help the self-employed whose businesses were adversely affected by Coronavirus. 

  • Paying family members.

    Paying family members

    Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members.

  • Small businesses struggling due to the coronavirus pandemic should be able to apply for a quick and easy-to-access loan of up to £50,000, with no interest charged or repayments needed in the first 12 months. .

    Covid-19: Bounce back loans

    Small businesses struggling due to the coronavirus pandemic should be able to apply for a quick and easy-to-access loan of up to £50,000, with no interest charged or repayments needed in the first 12 months.     

  • Rishi Sunak's  Winter  Economy Plan.

    Rishi Sunak's Winter Economy Plan

    Rishi Sunak's Winter Economy Plan.

  • Self-Employment Income Support Scheme (SEISS) Grant Extension.

    Self-Employment Income Support Scheme (SEISS) Grant Extension

    The SEISS Grant Extension provides critical support to the self-employed. 

  • Winding up a business.

    Winding up a business

    The decision of how and when to cease a business is usually prompted by a combination of three main factors - market conditions, market forces, and life changes. 

  • Maintaining your NIC contributions record during Covid-19.

    Maintaining your NIC contributions record during Covid-19

    The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21.     

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