Coronavirus: Support For The Self-Employed

The outbreak of coronavirus COVID 19 is having a significant impact on self-employed people across Derby, Nottingham and the wider United Kingdom.

The UK Government has announced some measures to support the self-employed at this time. You can find a list of support that is currently available below, with links to official government resources. 

Coronavirus: Small Business Grants, Loans & Advice

The outbreak of coronavirus COVID 19 is having a significant impact on businesses across Derby, Nottingham and the wider East Midlands area due to the disruption caused by social distancing measures.
The UK Government has announced several funding options to support businesses at this difficult time. You can find a list of available business loans and grants below, with links to official government resources. 

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UK Budget 2020: The Key Points

On 11th March 2020, Rishi Sunak announced the new UK budget. He presented several announcements that are set to affect businesses, the self-employed, and working families. Here is a summary of the main points from the latest budget.

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Planning for the New Tax Year

As we near the end of the tax year, it is important if you are self-employed to start planning for the new tax year. This guide explains when the tax year ends and provides a year-end tax planning checklist.

We have provided a summary for the main 2020/2021 tax year changes to help guide you through the main changes that will come in to force. Taking action at the start of the tax year may give you an advantage. Here’s what you need to know about the 2020/2021 tax year. 

tax return documents

How to Complete a Self-Assessment Tax Return

A self-assessment tax return is the form used by HM Revenue and Customs (HMRC) to collect income tax from individuals. Whilst income tax is deducted from your salary automatically if you work for a company, most people who are self-employed must complete one each year.

This guide will explain who needs to complete a self-assessment tax return, when they’re due, and how to complete one (with a handy checklist).

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How Long Should You Keep Financial Records For?

The purpose of a document retention policy is to establish how a company should keep and maintain its documents such as financial records and insurance documents.

In this guide, we will advise you on how long you should be keeping personal and business financial records. It will also explain the process of drafting a document retention policy for your business.

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How To Avoid Cash Flow Problems

It’s common that most small businesses will have a cash flow problem at some point; luckily these can largely be prevented with planning and preparation. In this article we’ll run through some of the most common causes of cash flow problems, as well as offering practical advice on how to improve your cash flow.

Downing Street Sign

The Impact of Brexit on Small Businesses

With the UK set to leave the EU on 31st October, it is important to have a plan in place to prepare your business for Brexit and put it in the best position possible in time for the changes. We have listed some of the key things you need to consider before the UK leaves the EU.