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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?
The self-assessment tax return for 2019/20 must be filed by midnight on 31 January 2021.
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?
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
The Self Employment Income Support Scheme (SEISS) provided help the self-employed whose businesses were adversely affected by Coronavirus.
Paying family members
Regardless of the business structure (for example limited company or sole trader) it is possible to employ family members.
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.
Self-Employment Income Support Scheme (SEISS) Grant Extension
The SEISS Grant Extension provides critical support to the self-employed.
Rishi Sunak's Winter Economy Plan
Rishi Sunak's Winter Economy Plan.
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.