Pro-Taxman

Self Employed

Off Payroll

Update on off-payroll working rules (IR35)

The off-payroll working rules, known as IR35, were introduced in 2000 to ensure that someone working like an employee, but through a limited company, pays similar levels of tax to other employees. Broadly, the IR35 rules require an individual to determine whether they would be employed or self-employed for tax purposes, if they were working …

Update on off-payroll working rules (IR35) Read More »

Self-Employment Income Support Scheme

Grants for self-employed people if your business has been adversely affected after 14 July 2020

Claiming the second grant under the SEISS Claims for the second grant under the Self-Employment Income Support Scheme (SEISS) can be made from 17 August 2020 onwards. Who can claim? A self-employed individual or member of a partnership who meets the eligibility criteria and whose business has been adversely affected by Coronavirus on or after …

Grants for self-employed people if your business has been adversely affected after 14 July 2020 Read More »

Are you a working parent? You might be missing out on £2,000 per child per year towards the cost of childcare.

Tax-free childcare update HMRC have recently run a campaign to remind people that they could be missing out on up to £2,000 per child, per year, towards the cost of childcare. Working parents and guardians may be eligible to receive government top-ups of £2 for every £8 that they pay into a tax-free childcare account, …

Are you a working parent? You might be missing out on £2,000 per child per year towards the cost of childcare. Read More »

Using the cash basis – is it for you?

The cash basis is a simpler way of working out taxable profits compared to the traditional accruals method. The cash basis takes account only of money in and money out – income is recognised when received and expenses are recognised when paid. By contrast, the accruals basis matches income and expenditure to the period to …

Using the cash basis – is it for you? Read More »