Sole Trader

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  • From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

    National Insurance and dividend tax to go up 1.25% from April 2022

    From April 2022, both national insurance and dividend tax are set to rise by 1.25%.

  • Making mileage payments to employees.

    Making mileage payments to employees

    As the country emerges from the Covid-19 pandemic, business travel is once again on the agenda. 

  • Collection of tax debts post Covid-19.

    Collection of tax debts post Covid-19

    During the Covid-19 pandemic, HMRC paused much of their tax collection work but as the country starts to emerge from the pandemic, HMRC have once again turned their focus to the collection of tax debts, publishing a policy paper setting out their approach.

  • Take advantage of the enhanced carry back of losses.

    Take advantage of the enhanced carry back of losses

    Many businesses have suffered losses as a result of the Covid-19 pandemic, and where a business has made a loss, various options are available to obtain relief for that loss. The challenge is to make the best use of the loss.

  • Further grants for the self-employed.

    Further grants for the self-employed

    The Self-Employment Income Support Scheme (SEISS) has provided grant support for self-employed individuals whose business has been adversely affected by the Covid-19 pandemic. 

  • Gift aid – Beware if your income falls.

    Gift aid – Beware if your income falls

    Where a Gift Aid declaration is made, the recipient charity or community amateur sports club can claim back basic rate tax on the donation.    

  • Self-Employment Income Support Scheme – future grants confirmed

    Self-Employment Income Support Scheme – future grants confirmed

    The UK Government has today announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant.

  • Budget 2021.

    Budget 2021

    A summary of the announcements made by the Chancellor of the Exchequer Rishi Sunak in the 2021 Budget on Wednesday 3rd March 2021.

  • Self-employment and the £2,000 dividend allowance.

    Self-employment and the £2,000 dividend allowance

    All taxpayers, regardless of the rate at which they pay tax, are entitled to a tax-free allowance for dividends.

  • Are you trading?

    Are you trading?

    Selling goods or clothes on sites such as eBay and Depop offers the opportunity to raise some much needed cash in these difficult times. 

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