self-assessment

This category contains 7 posts

Self-employed: Future SEISS grants

Self employed people can claim SEISS grant no 4 from late April 2021 and no 5 from late July 2021. Both are available to those who: submitted their 2019/2020 returns latest 02 March 2021; are still and intend to keep trading in 2021; suffered a big drop in profits due to reduced activity, reduced capacity, … Continue reading

I’M THE BOSS – WHAT SHOULD I PAY MYSELF?

[Putting this out late in the tax year (we are in August!) because so many new businesses are being started post COVID-19 lockdown.] Most tax efficient salary for directors in 2020/21 is £8,788 per annum. This equates to £732 per month or £169 per week. You may top up with dividends. HOW IS THE TAX … Continue reading

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