Tax – Business

30 November 2020

Self-Employment Income Support Scheme 3 (SEISS3)

Introduction The third SEISS grant to support self-employed people affected by coronavirus is now open. The rules on who is eligible to claim are different to those for the previous SEISS grants. However, a 2018/19 SATR […]
24 November 2020

Three Line Accounting

Introduction Three line accounting is a simple way of reporting income and expenses from self-employment or from UK property. The main benefit of doing this is to save time and cost of reporting to HMRC on […]
27 October 2020

HMRC Phishing Scams

Activity by fraudsters is on the rise claiming they are calling as HMRC​ Many forms of scams are being carried out using:​ Phone, Email, SMS, WhatsApp, Social Media​ However, very little by Telegram – Used by […]
19 November 2020

SIC Codes

SIC Codes Demystified? SIC Codes stand for – Standard Industrial Classification. These codes in United Kingdom SIC e used as a framework for classifying business activities based. They are always identified by numeric order, codes. SIC […]
16 November 2020

Furlough Extension to 31 March 2021

Monthly Payroll You and/or your employee(s) can claim for a grant to pay 80% of the current salary for hours not worked, up to a maximum of £2,500, based on the gross salary calculated in October […]
02 October 2020

Capital Gains Tax (CGT) on Property

All UK residential property are subject to CGT (see exceptions below) CGT is Due From 1 July onwards Required to report and pay the tax 30 calendar days from the date the property is sold Filing […]