Sole Trader

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  • 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. 

  • Changes to late filing penalty for 2019-20 Self Assessment returns.

    Changes to late filing penalty for 2019-20 Self Assessment returns

    HMRC has announced that Self Assessment customers will not receive a penalty for filing their 2019-20 tax return late, as long as they file online by 28‌‌ ‌February. 

  • 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.     

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