If you or one of your dependents have caught covid which means you are unable to work, then you could be eligible for a £500 “test & trace” payment. You are eligible if: you’re employed or self-employed you, or a child you’re the parent or guardian of, has tested positive for coronavirus (COVID-19), or been…
Read MoreYear: 2021
October 2021 Autumn Budget headlines
NI & Dividend tax increase 1.25% National Insurance will increase from 6th April 2022 by 1.25%. This means that if you are an employee or a sole trader earning £30,000 a year, you will have to pay an extra £255 in tax. If you are the employer, then you’d have to pay an extra £255…
Read MoreSaving tax as a company director
How to maintain tax efficiency as a small business company director of your own limited company with the impending increase in dividend tax from April 2022 From the 6th April 2022 the tax cost of drawing dividends from your limited company will increase by 1.25% Currently, dividends are taxed on basic rate taxpayers at 7.5%,…
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Get support from Self-Employment Income Support Scheme (SEISS) grant now
The Self-Employment Income Support Scheme (SEISS) grant supports self-employed workers and individuals in partnerships whose business is suffering as a result of coronavirus. Earlier schemes have been in place for much of the year, offering varying levels of support. The government’s 2021 Spring Budget confirmed that grant funding would continue to be available for self-employed workers. The…
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