Self assessment & tax return- Need to knows

Who needs to file a Self Assessment tax return? If income isn’t taxed automatically, after it’s paid to you, you must file a return. Most taxpayers pay their taxes through the employee PAYE scheme, but if you’re a sole trader or a company director, completing a Self Assessment is required to help find out how […]

Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your taxable profits after reliefs and allowances, up to a maximum of £2,500 per month for the next 3 months. […]