Sole Trader

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. 

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

Claims for the second grant under the Self-Employment Income Support Scheme (SEISS) can be made from 17 August 2020 onwards. 

Subject to certain conditions and limits, self-employed earners over the age of 16 and below state retirement age are currently entitled to pay both Class 2 and Class 4 National Insurance contributions (NICs).

Various support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should they be treated?

HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, they filed a return late or paid their tax late.

We have partnered with Starling Bank and as users ourselves, can truly recommend them - There's a reason why they won best British bank in 2018, 2019 & 2020.

To help those suffering cash flow difficulties as a result of the Covid-19 pandemic, the Government have announced that self-assessment taxpayers can delay making their second payment on account for 2019/20. The payment would normally by due by 31 July 2020.

Under the cash basis, small businesses are taxed on the basis of the cash that passes through their books, rather...

Small businesses will benefit from a new fast-track finance scheme providing loans with a 100% government-backed...