With the new tax year around the corner, we want to remind you of the upcoming changes HMRC has in store. The tax year runs April 6th-April 5th every year. Read on to lean about some of the upcoming changes.


Does my business qualify for coronavirus support?
Disruption caused by the Covid-19 outbreak is causing havoc for businesses up and down the country.
To help them through this difficult time, the government has announced a broad package of support for companies. But the quick-fire announcements have caused some confusion in the business community.

Delivered by Chancellor Philip Hammond on Monday, the 2018 Budget had some important announcements for small businesses, contractors and freelancers.
The statement was welcomed by some business figureheads, but criticised by others. In this blog post, we unpack some of the key announcements and explain how they may affect your business finances.
With less than a month to go before the new Chancellor Phillip Hammond makes his first Autumn Statement, there is growing pressure on him to really get to grips with the tax system and make some radical changes to reinvigorate the post-Brexit economy.
One of the most recent calls for tax reform came from Sage, the business services company that made the popular Sage One cloud accountancy software.

Rishi Sunak is reportedly weighing up a new tax on goods sold over the internet as the Chancellor considers options to save the high street post-lockdown. But what would this mean for online sellers?
The plans could include a 2% levy on all online sales, which would raise £2bn per year for the exchequer, or an additional charge on deliveries.
The online sales tax is being considered as part of broader plans to support ‘bricks and mortar’ retailers in the aftermath of the coronavirus pandemic, particularly on business rates.

The latest budget statement contained some important takeaways for small business owners and freelancers.
Understandably given the circumstances, many of the announcements were made in response to the economic threat posed by the COVID 19 outbreak.
We’ve provided a handy summary of the most important announcements below.

The Chancellor’s final Spring Budget was met with frustration from large portions of the business community, particularly freelancers and other small business owners concerned about the National Insurance tax hike.
But there were also some small crumbs of comfort for small businesses. Here is some of the important budget news and reaction.