Extension of the Self-Employed Income Support Scheme The SEISS provides self-employed people whose business and income had been affected by the pandemic to claim money in the form of a grant from the Government. How to apply The fourth SEISS grant covering February, March and April 2021will be available to claim the Government website. Sole traders […]
HMRC has announced that Self Assessment tax payers will not be charged the initial 5% late payment penalty if they pay their tax or make a Time to Pay arrangement by 1 April. HMRC is allowing taxpayers more time to pay or set up a payment plan. Payment plans or payments in full must be […]
Self Assessment customers who cannot file their tax return by the 31 January 2021 deadline will not receive a late filing penalty if they file online by 28 February. [button link=”https://www.gov.uk/government/news/no-self-assessment-late-filing-penalty-for-those-who-file-online-by-28-february” newwindow=”yes”] For more information click here[/button]
Extended SEISS Grant 25/11/2020 updated 30/11/2020 To check if you are eligible and can claim follow the link : [button link=”https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme”] CLAIM 3rd SEISS Grant[/button] Please make sure that you check if you are eligible and can confirm the declaration. Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) […]
What records to keep You’ll need to keep records of: all sales and income all business expenses VAT recordsif you’re registered for VAT PAYE recordsif you employ people records about your personal income your grant, if you claimed through the Self-Employment Income Support Schemebecause of coronavirus Why you keep records You do not need to send your records in when you […]
Job Retention Scheme This extended Job Retention Scheme will operate as the previous scheme did, with businesses being paid to cover wages costs. The CJRS is being extended until the end of November. The level of the grant will mirror levels available under the CJRS in August, so the government will pay 80% of wages […]
The UK Government have decided to extend the Self-Employed Income Support Scheme to support the self-employed The support will be in the form of two grants, covering 1st November 2020 to 31st January 2021 and 1st February 2021 to 30th April 2021. To be eligible to claim the Grants self-employed individuals, and partnership members must: […]
IMPORTANT INFORMATION – Covid Self- Employed Income Support Grant Deadline During 2020 there have been many challenges for all; employed, self-employed, partnerships and employers. Fuller Accounting Services has informed clients of the developments and Government Support that was, and is available. Though Fuller Accounting was able to access and claim the Job Retention […]