Did you know that HMRC launched the personal tax account (PTA) back in 2015 for all UK workers? This service allows you to check your tax affairs online whenever you want without needing to phone or write to HMRC. The main big benefit, though, is that everything regarding your tax affairs will be online in […]

The SEISS claims portal reopens on Monday 30 November, but taxpayers must declare their trade has been impacted by reduced demand before they claim the third grant. When claiming the first two self-employed income support (SEISS) grants taxpayers had to confirm that their trade had been adversely affected by the coronavirus pandemic, which was a difficult concept […]

This has been one heck of a calendar year so far for businesses, communities and families and it is, sadly, an ongoing fluid situation. Take a look at our PayLessTax Newsletter, it’s our gift to you. At Balance Accountants we are always in search of ways to support and inform our clients and our wider community. […]

Throughout this crisis, the governments priority has been clear: to protect lives and livelihoods. The Prime Minister has announced new national restrictions that will prevent further spread of the virus. We know how worried people are – about their health, the health of their loved ones, their jobs, their businesses, and their financial security. And […]

The self-employed will be able to claim state aid of up to 80% of profits during the month-long lockdown, Chancellor Rishi Sunak has announced. government increases support under the third instalment of the UK-wide Self-Employment Income Support Scheme, with people receiving 80% of average trading profits for November grants will also be paid faster than […]

The coronavirus job support scheme (CJRS) will continue until 1 December 2020 with grants covering 80% of wages, while implementation of the JSS has been delayed. Friday night had seen the release of further JSS details, but by Saturday evening that scheme was put on the back burner, with a full extension of the existing […]

In recognition of the challenging times ahead, the Chancellor said he would be increasing support through the existing Job Support and self-employed schemes, and expanding business grants to support companies in high-alert level areas. This builds on agreements reached with Local Authorities moving to Alert Level very high, with extra support for businesses, jobs and […]

Expansion of Job Support Scheme The government announced on the 9th October an expansion of the JSS, to provide temporary support to businesses whose premises have been legally required to close as a direct result of coronavirus restrictions. Under this expansion, affected businesses will receive grants towards the wages of employees who have been instructed […]

Chancellor Rishi Sunak says the Government’s Jobs Support Scheme will be extended to support businesses forced to close by any new coronavirus restrictions or lockdowns. Mr Sunak this afternoon, Friday October 9, said that any firms whose premises are “legally required to shut” due to local or national restrictions will get grants worth up to […]

It has become apparent that Airbnb are now disclosing details of landlords property income from Airbnb lettings to HMRC. Enquiries This data allows HMRC to begin enquiries into the tax affairs of landlord’s who have not declared their property income for 2017/18 and 2018/19. The deadline for opening an enquiry into a self-assessment return for […]