Blog

The second Self-Employment Income Support Scheme grant is now open. If you’re eligible and your business has been adversely affected by Covid-19 on or after 14 July 2020, you must make your claim for the... read more

HMRC will this week start contacting people who may be eligible for the new Self-Employment Income Support Scheme (SEISS) telling them to be ready to claim when the portal opens next week. The process is intended to... read more

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived... read more

The end of tax year is a popular accounting date for many businesses, but for those of us with a year-end accounting date of 31 March 2020, reviewing your management accounts for the ten months... read more

Now that we are approaching the end of the 2019-20 tax year it’s worth noting that you are required to keep your self-employed business records – that underpin your self-assessment tax return for 2019-20 -... read more

Starting a successful business isn't easy or everyone would be doing it. And as the majority of new businesses fail in the first five years, that clearly isn't the case! You need a product or... read more

If you are self-employed, and obliged to submit a self-assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year. For... read more