Tax Updates & Resources
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5th Self Employment Income Support Grant – applications open
Eligible applicants (sole traders) can now apply for the 5th SEISS grant. In order to apply you will need to calculate your turnover for 2020/21, which we can help with. This is then compared to your turnover in 2019/20 in order to assess the level of turnover...
Update to Covid Support Schemes
July 2021: Updates to Covid Support Schemes The Job Retention Scheme (furlough scheme) is now being wound down. From 1st July the level of grant reduces to 70% of salary for hours not worked, and from 1st August to 60%. Employers will be required to top up...
Tax update 2021/22
New tax year update: 2021/22 Only minor changes to income tax rates and thresholds.• Corporation tax rate unchanged at 19%.• No change to ISA allowance of £20k.• New ‘super-deduction’ tax relief for businesses to reducetheir tax bill by 130% of what they spend on...
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