Category Archives: Blog

Are you self-employed and will have trouble meeting the tax payment deadline?

If you have set up your Government Gateway account you can now ‘self-serve’ to make arrangements to pay your tax bill by instalments. The conditions for this are: You have filed your 2021 tax return What you owe is less than £30,000 You are within 60 days of the payment deadline Can pay it off […]

Rental properties

The question we always get asked is “should I buy this rental property in my name or a limited company?”.  The answer is no longer straight forward and will depend on your individual circumstances and it is not just about the tax.  People started buying residential investment properties in limited companies to avoid having the […]

Autumn Budget 2021

Universal Credit claimants to keep more wages Many employed and self-employed people claim Universal Credit as they have low or unpredictable levels of income. It provides a much needed top-up to their earnings but the benefit is reduced as the worker earns more due to the Universal Credit taper rate. Currently the taper rate is […]

Self-Employed – claiming the fifth grant

HMRC has published a policy paper covering the fifth SEISS grant; more detailed guidance will soon be available but the amount ( to cover the period May 2021 to September 2021) will be determined by how much turnover has been reduced in the 2020/21 year: Turnover Reduction Rate Applicable Maximum Grant  30% or more reduction […]

Are you considering a mortgage and are self-employed or an owner/director of your own company?

This year we have seen an increase in business people contacting us regarding obtaining a mortgage.  So far so good, however the problem is that they have been using an unqualified accountant.   This has only been discovered when the mortgage company rejected their accounts on the basis they had not been prepared by an accountant […]