Applications for the second round of the Self-Employment Income Support Scheme (SEISS) close on 19 October 2020. This grant offers those who are eligible a taxable payment equal to 70 per cent of average monthly profits for three months (capped at £6,570). You can claim for the SEISS if you are a self-employed individual or […]
Avoid a furlough scheme penalty – correct any overpayments before 20 October
If you have made an error when claiming for the Coronavirus Job Retention Scheme (CJRS) or received an overpayment this must be reported and paid back to HM Revenue & Customs (HMRC) by 20 October 2020. In order to avoid a fine, you must notify HMRC by the latest of either: 90 days after the […]
Self-assessment payment plans made available to more taxpayers
HM Revenue & Customs (HMRC) has increased the threshold for Self-Assessment taxpayers to use its online self-service Time to Pay payment plan service from £10,000 in tax liabilities to £30,000. The move means that more taxpayers will be able to spread the cost of their tax bills by paying in monthly instalments, without having to […]
Download our guide to upcoming key dates
We have created a downloadable guide covering a range of key dates relating to Coronavirus business support schemes, tax and Companies House requirements to give you an overview of dates and deadlines you may need to be aware of in the coming months. While the guide is not exhaustive and is subject to change, in […]
Is your business missing out on tax reliefs or allowances?
Billions of pounds of tax relief go unclaimed each year, according to research. Business owners like you are missing out on potential savings, don’t be one of them. To make the tax system fairer and to incentivise certain aspects of business, such as research and development projects, the Government offers more than 1,000 tax reliefs […]
Using R&D tax credits to your advantage
Companies like yours can claim cash back from the government against a wide range of costs if they were incurred on innovation, research and development. Get your share of the £3.5 billion awarded last year. According to the Research and Development (R&D) Tax Credits Statistics September 2020, by HM Revenue & Customs (HMRC), there have […]