The government have now announced a Self Employment Income Support Scheme. This scheme will allow sole traders and partners to claim a taxable grant worth 80% of their trading profits up to £2,500 per month, for at least three months. HMRC will contact all self employed workers that qualify, with payments expected in June. They will at this point pay three months worth of claims as a lump sum. Unfortunately, you do not qualify if your profits exceed £50,000 or if you were not
Unfortunately, we have now had to close the office, due to the Coronavirus outbreak, and will re open as soon as we are able to, according to Government guidelines. Kayleigh will be working from home during this time, so please be assured all deadlines will be still be met. For urgent matters, you can contact Kayleigh on 07525 421 454 or firstname.lastname@example.org . During this difficult time, response times may understandably be longer than usual but please bear
Here are a few of the measures Rishi Sunak has implemented to help businesses and employees. For businesses with fewer than 250 employees, the cost of two weeks statutory sick pay will be government funded, where an employee is off work due to COVID-19. The chancellor also spoke of a job retention scheme, where by 80% of an employee’s wage, up to a maximum of £2,500, is met by way of a grant. Employers will need to contact HMRC for employees not working but are furloughed and
Amid the coronavirus chaos, the IR35 off-payroll reform has now been delayed until April 2021. This certainly brings some stability to the many contractors at this fragile time. If you have any queries please don't hesitate to contact Kayleigh on 01530 414 285.
Chancellor Rishi Sunak has delivered his first budget. Here are a few points from the recent budget: Entrepreneurs relief Let’s start with the bad news… the entrepreneurs relief upper limit ,of £10 million, has been reduced down to just £1 million. This means that only the first £1 million of eligible business sales, will qualify for the reduced 10% tax bracket. Now to the good… Tax and NI brackets The threshold for employee’s national insurance contributions, will rise from