Congratulations on setting up your new company… what else do you need to know…
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A summary of payroll changes for the coming year.
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A brief summary of tax changes for 2022/23
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HMRC guidance for 2022 Tax Returns.
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Online applications for the Discretionary Business Support Fund will go live between 8am and 8.30am on Wednesday 3 February 2021.
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Late filing penalties for 2019 20 tax returns will not be levied until after the end of February rather than 31 January 2021.
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We are expanding!
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We are closing in on Christmas, and the tax return submission deadline of 31 January, so get in touch if you would benefit from some additional support.
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An update on the Self Employment Income Support Scheme
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If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) use this scheme if you're eligible to claim the grant.
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Bounce Bank Loans (BBLS) allow businesses to borrow between £2,000 and £50,000, the loans will be interest free for the first 12 months and businesses can apply online through a short and simple form.
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Applications are now open for the Self-Employed hardship fund. This fund is for anyone who became Self Employed in Scotland on or after 6 April 2019 (meaning they do not qualify for the SEISS) and who is suffering financial hardship as a result of Covid-19.
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HMRC have issued further guidance on this scheme and this week they will start to contact Self Employed Individuals or Members of Partnerships who may be eligible for the scheme by letter.
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