Sole Trader

Barclays’ pricing lessons…

In 2021, Barclays Bank reported a full-year net profit of £6.38 billion. In September 2021 it reported year to date profit at an all-time high of £6.9 billion. Yet last month we received a letter from them notifying us that they’re implementing additional fees on accounts like ours. Don’t get me wrong, I’m not complaining at the extra […]

Read More

SEISS Grant Authorisation

As part of our set-up process for a new client, we always ensure HMRC have a record of our appointment as agents. This means we can speak to them regarding clients’ affairs should the need arise. Sadly, HMRC have decided this doesn’t include SEISS grants, and they cannot discuss them with us! Why not? The […]

Read More

Making Tax Digital delayed

Making Tax Digital (MTD) for Income Tax was due to start in 2023, but has now been delayed for 12 months. It will now start in April 2024. This will affect landlords and the self employed, who will need to start quarterly digital reporting to HMRC at this point. Financial Secretary to the Treasury, Lucy […]

Read More

SEISS Tax Return issues!

In the last week we’ve been hearing reports from our industry colleagues that HMRC’s system is corrupting figures for Self Employed Income Support Scheme grants (SEISS) as the related Tax Returns are submitted. These initial reports of issues are across differing software packages, and across the country, suggesting the issue is at HMRC’s end. HMRC […]

Read More

Rebound Logo - an stylised image of the Coronavirus molecule, with a banner around it saying 'Rebound'

Visit our Rebound Resources page for free tools & guidance to help your business Rebound from the pandemic.