FULLER ACCOUNTING NEWS

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...

From 1‌‌‌ ‌September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. Employers will still need to pay furloughed employees 80% of their usual wages for the hours they do not work, up to a cap of...

If you are self-employed or a member of a partnership you may be eligible to claim a second SEISS Grant Self-employed who were eligible for the first grant and can confirm to HMRC that their business has been adversely affected on or after 14 July 2020, will be able...

The Government has announced that the self-employed eligible for the first SEISS Grant will be able to claim a second grant from August. If as self-employed the first grant was not claimed, the second and final grant will be available to claim. The eligibility for...

This week HMRC will start contacting people who may be eligible for the new Self-Employment Income Support Scheme. If eligible, you will need a Government Gateway user ID and password. If eligible, this scheme will allow self-employed or each partner in a partnership...

GOVERNMENT BACKED BOUNCE BACK LOAN SCHEME FOR SMALL BUSINESSES On the 27th April 2020 the Chancellor announced the implementation of a new Loan Scheme aimed to ease the financial burden on small businesses caused by the Covid-19 pandemic The Bounce Back Loan scheme...

Covid-19 Coronavirus Pandemic crisis. The news is full of details about the Corona Virus and measures that the Government has put in place. The self-employed have access to some assistance, and I have listed below what the government has made available to businesses....

Income Tax allowances 2020/2021 Personal Tax Rates 2020/2021 Starting rate for savings income 0% Starting rate limit (savings income) £5,000 Basic rate band 20% £0 – 37,500 Higher rate band 40% £37,501 – 150,000 Additional rate band 45% Over £150,000 Personal...

What records to keep You’ll need to keep records of: • All sales and Income Raise sequentially numbered, dated invoices either manually or an invoicing App, Wave Invoicing App is free to download and to use. Or simply use a Duplicate Invoice Book. Don’t worry about...