Over the past two years, thousands of taxpayers benefited from the Self-Employment Income Support Scheme (SEISS) before closing in September 2021. The scheme, involving five grant payments, was set up by the Government to support the self-employed, for example, sole traders, who met specific eligibility criteria. As HM Revenue & Customers (HMRC) looks to claw

Many UK businesses are already benefitting from the temporary tax relief offered by the super-deduction. However, many more could still be missing out on this vital support. The super-deduction tax relief scheme was introduced on 1 April 2021 and runs until 31 March 2023.  It allows firms investing in qualifying plant and machinery assets to

Employers submit a P11D form to HM Revenue & Customs (HMRC) at the end of every tax year. A P11D outlines the benefits or expenses you have provided to your employees outside of their wages.  You must submit a P11D form by 6 July following the end of the tax year. At the same time,

New Year, new career? Many people lost their jobs during the pandemic or decided to take a new career journey by setting up a new business. We take a look at the start-up trends for 2022.  Whether it is a full-time endeavour or a part-time side hustle, people are looking for ways to make extra