The COVID-19 pandemic and related restrictions have inspired a host of new financial legislation in the United Kingdom. Lockdown has been effective, but not without a cost. The economic impact of social distancing measures has been substantial, which is why the British Government has developed and opened a series of support schemes for businesses around the country. The SEISS plan is specifically for the self-employed whose trading has been impacted by social distancing restrictions, and the government has recently announced that it is going to be offering a third grant under this scheme. If you are self-employed and would like to assess your eligibility, consider contacting a tax accountant in Banstead or nearby.
It is important to understand the tax implications posed by the COVID-19 restrictions and the SEISS scheme itself. You must reflect changes in your income and business in your tax return for this year, for example. A tax accountant in Banstead or nearby can help you prepare a return in this financial year if you are concerned about what you should and shouldn’t include. Also, you need to demonstrate both a loss in profits and a continued intention to trade in order to be eligible for the SEISS.
Putting together a successful claim is essential if you need the financial support that an SEISS grant can provide. If you’re self-employed and based in Banstead, you might consider contacting David Beckman & Co. Ltd. The company has a team of trained accountants who already have real-world experience of helping clients prepare and file claims under the SEISS. Assessing whether you are genuinely eligible to make claim under the SEISS’ new criteria may be quite challenging for the majority of self-employed Britons. Working with a tax accountant in Banstead is the easiest and most straightforward way to do so. Don’t take a chance with your finances.