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HMRC releases full details of the fifth SEISS grant including a new turnover test which determines the level of the grant available to you.
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HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from1st June 2021, increasing mileage rates by 1p for all petrol vehicles
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If you’re newly self-employed then you may not know that you can deduct some expenses costs to work out your taxable profit, as long as they’re allowable expenses.
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The end of the financial year can be stressful for small business owners, but our year-end accounting checklist will help you transition smoothly into the 2021/2022 tax year.
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Smaller businesses can apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU. The SME Brexit Support Fund could give you up to £2,000 to help with training or professional advice, if your business has up to 500 employees and no more than £100 million annual turnover.
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In his recent Budget, the Chancellor announced that self-employed people who had submitted their 2019/20 tax return midnight on 2nd March could apply for the fourth and fifth grants. So far, so good: but what he didn’t mention were the stringent, new SEISS pre-verification checks he has put in place.
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Earlier this week, Chancellor Rishi Sunak announced a broad range of measures to support businesses and households including details of how the ongoing support will be financed.