Category Archives: self employed

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

Read More
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 […]

Read More

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

Read More

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

Read More

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

Read More

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

Read More

Did you miss the Self-Assessment deadline?

4th February 2021 Posted by -

HMRC has announced that more than 10.7 million people submitted their 2019-20 Self-Assessment tax returns by the 31 January deadline. This leaves over

Read More

No late online filing penalties until …

28th January 2021 Posted by -

HMRC has announced that fines for taxpayers that file their Self-Assessment returns late will be waived until 28 February 2021. The filing deadline for 2019-20 returns remains at 31 January 2021. HMRC

Read More