Category Archives: self employed

Keeping self-employed tax records

28th April 2021 Posted by -

If you are self-employed as a sole trader or as a partner in a business partnership, then you must keep suitable business records as well as separate

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Treasury directive re fourth SEISS grant

29th April 2021 Posted by -

HM Treasury has published a further Treasury Direction made under the Coronavirus Act 2020, ss. 71 and 76, which modifies and extends the effect of

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Repaying overclaimed SEISS grants

20th April 2021 Posted by -

Self-employed individuals (including partnerships) who have overclaimed the Self Employed Income Support Scheme (SEISS) must pay back the overpayment

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Self assessment specialists Burton on Trent - Alexander Accountancy

Claims to reduce payments on account

15th April 2021 Posted by -

Self-Assessment taxpayers are usually required to pay their Income Tax liabilities in three instalments each year. The first two payments are due on 31 January during the tax year and […]

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5% late penalties apply from 1 April 2021

7th April 2021 Posted by -

Self-Assessment taxpayers that failed to pay their outstanding tax liabilities or set up a payment plan by midnight on 1 April 2021 will be charged a

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Spring Budget 2021- CJRS & SEISS schemes

9th March 2021 Posted by -

The Coronavirus Job Retention Scheme (CJRS) commonly known as the furlough scheme will be extended until the 30 September 2021. The Chancellor

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Claiming Self-Employed Income Support Scheme grants

1st March 2021 Posted by -

Under the third Self-Employed Income Support Scheme (SEISS) grant, claimants received up to 80% of average trading profits for November and December

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How much do your customers owe you?

17th February 2021 Posted by -

Many business owners are buoyed by turnover; if it’s sold it’s as good as money in the bank, but is it? What are your credit terms? How many days do

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