With the debt increasing by the hour due to the Governments restrictions on trading businesses resulting from Covid-19, it is becoming very clear that the way the Government tries to balance its books must change. One such way, suggested by the ‘Wealth Tax Commission’, is to charge a wealth tax on anyone who’s wealth is […]
Monthly Archives: December 2020
Third SEISS grant The online claims portal for the third self-employed income support scheme (SEISS.3) grant opened on 30 November. If you qualify for the grant you should receive a lump sum payment covering the three months from 1 November 2020. You have until 29 January 2021 to submit your claim. The grant is calculated […]
04
Dec
Dec
With the continued lock downs of Covid-19 it is unfortunate that some people who lent money to a trader may not be able to recover it. If the trader goes bankruptcy or into liquidation then there could be some relief by treating the lost money as a capital loss. This loss can be offset against […]