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Corona support for self-employed

What is it? The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month. HMRC will use the average profits from tax […]

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Furlough your employees

If you are considering laying off staff due to little or no work then wait… The government have introduced a new measure called the Coronavirus Job Retention Scheme where you will get government support Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme that was created and started on or before […]

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Latest government help for Corona

The government has made announcements of new measures to help support the nation during these unprecedented times.  Measures of support have never been at this level before.

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What are HMRC payments on account?

Helping you understand HMRC tax payments on account. If you are self-employed or pay tax via self-assessment then you may come across the joy that is HMRC payments on account for tax. We know how confusing they can be as we answer questions about them all the time. This article is designed to go through […]

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Help! – What’s my UTR number?

What to do if you don’t know your UTR number. Your Unique Taxpayer Reference Number (UTR) is a 10-digit number that is used by HMRC to identify you.  You need it in most cases when corresponding with them and to file any tax returns you have due.  Without it, it’s impossible to file a tax […]

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Sole trader v partnership v limited company – which business setup is right for me?

Help for deciding the best set up for your new business As a firm of Accountants specialising in startup businesses, we get asked this question all the time.  Unfortunately, it’s never a blanket type answer that you can quickly assess but in this guide, we will talk you through the different things to consider so […]

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Mortgages for the self-employed

Helping you understand the world of mortgages for the self-employed. As an accountant having acted for hundreds of self-employed people and directors of limited companies we have seen how many hoops you have to jump through in order to get a mortgage.  If you have obtained a mortgage when you were employed you may well […]

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