The Government grant to self-employed individuals whose businesses have been adversely affected by coronavirus – is made up of two grants. The first grant is now closed (it closed 13 July), but the second and final grant will open for applications on 17 August. Here’s what you need to know about the second grant: Applications will open…
Download free business plan templates and find help and advice on how to write your business plan. Business plan templates Download a free business plan template on The Prince’s Trust website. You can also download a free cash flow forecast template or a business plan template on the Start Up Loans website to help you manage your finances. Business plan examples…
Millions of self-employed people are entitled to a grant from the Government if they are struggling financially due to coronavirus. Equally, millions of self-employed people are excluded from this. We detail how the Self-Employment Income Support Scheme (SEISS) works and who can and who can’t get the grants in our main guide (linked), and that’s the place…
How to apply and get a code for 30 hours free childcare.Show all Step1:Check you’re eligibleShow Step2:Check if you’ll be better offShow Step3:Apply for 30 hours free childcareShow Step4:Give your code to your childcare providerShow Step5:Sign in to your account to reconfirm your detailsShow SOURCE: HMRC
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.Published 26 March 2020 Last updated 2 July 2020 — see all updatesFrom:HM Revenue & Customs Contents How the grant works Who can claim Check if you’re eligible to…
Register if you’re self-employed If you have to send a tax return and did not send one last year, you need to register for Self Assessment and Class 2 National Insurance. Register by 5 October in your business’s second tax year. You could be fined if you do not. If you’ve sent a return online before Re-register…
Contents Current rates and allowances Previous tax years Income over £100,000 Current rates and allowances How much Income Tax you pay in each tax year depends on: how much of your income is above your Personal Allowance how much of your income falls within each tax band Some income is tax-free. The current tax year is…
You usually pay 2 types of National Insurance if you’re self-employed: Class 2 if your profits are £6,475 or more a year Class 4 if your profits are £9,501 or more a year You work out your profits by deducting your expenses from your self-employed income. How much you pay Class Rate for tax year 2020 to…
Contents Overview Office, property and equipment Car, van and travel expenses Clothing expenses Staff expenses Reselling goods Legal and financial costs Marketing, entertainment and subscriptions Training courses How to claim Overview If you’re self-employed, your business will have various running costs. You can deduct some of these costs to work out your taxable profit as…
Apply for a government-backed Start Up Loan of £500 to £25,000 to start or grow your business. Unlike a business loan, this is an unsecured personal loan. You’ll get free support and guidance to help write your business plan, and successful applicants get up to 12 months of free mentoring. Start nowon the Start Up…