The British Government’s response to the COVID-19 pandemic has resulted in considerable changes to the British economy. Not only has the way that many businesses operate been altered fundamentally, but the economy has suffered tremendous damage due to lockdown and social distancing measures. The Chancellor’s decision to support the self-employed has produced a number of schemes for financial aid, the latest of which is the third version of the SEISS scheme. Interpreting and successfully applying for coverage under the scheme may be tricky, though. If you need SEISS coverage as a self-employed person, you may want to consider working with a tax accountant in Cobham.
Consulting with a tax accountant in Cobham is one of the best ways to ensure that you put together a strong SEISS claim. It’s not enough for your operations to have been impacted by social distancing measures or lockdown, for example. You must also be able to demonstrate a continued intention to trade and be able to reasonably forecast that your operations are impacted on an ongoing basis by COVID-19. The SEISS also has tax implications and interpreting these may be challenging in the face of constantly changing legislation and guidelines.
This is why working with a tax accountant in Cobham is so important if you need assistance under the SEISS. One agency based in Cobham with a great team of tax accountants is David Beckman & Co. Ltd. The agency’s accountancy team has already helped clients make successful claims under previous iterations of the SEISS. In addition, the firm’s accountants come from a wide range of backgrounds and are experienced in working with the self-employed, as well as understanding relevant financial legislation in connection with self-employment. If your operations have been hit hard by COVID-19, don’t wait. Make the strongest claim under the SEISS that you can and get the support that you need.