If sole traders want to prepare for the 2021/22 tax year, they need look no further than Rishi Sunak’s much-talked-about Budget. In it, the Chancellor promised to do whatever it takes to protect jobs and livelihoods, and outlined how the government intends to support the self-employed. To save you the trouble of researching each change,...
If you have earnings outside of PAYE, you might be familiar with the Government Gateway system. It’s HMRC’s portal for Self-Assessment users and, come January, it’s alive with sole traders, landlords and others hoping to file on time. The only trouble is, it isn’t the easiest to navigate. If you’re a first-time user, setting up…
What happens when COVID-19 strikes and you’re trying to run a start-up business that you’ve ploughed your life savings into? You lose you mojo. This is what happened to me. I’m sharing my story ‘warts and all’ in the event that others whose businesses may be struggling through this pandemic, may find a bit of...
What Does the SEISS Extension Mean For Your Clients? Just a month after the government announced support for sole traders in the form of the Self-Employment Income Support Scheme, or SEISS, 2 million claims were made, totaling £6.1 billion in government support. Now, with a second grant opening in August 2020, a number of sole...
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