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Helping clients claim self-employed income support scheme (SEISS)

How can accountants help clients claim for SEISS? We have all witnessed the major disruption the pandemic caused to the economy and communities. One in 10 of the six million UK SMEs expect the pandemic to cost them over £50,000 in total, with an average of £15,673 being lost per SME. Some industries have been…
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Fifth SEISS grant opens for applications

HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online submissions. The fifth grant can be claimed if you think that your business profit will be impacted by coronavirus between 1 May 2021 and 30 September 2021.  The scheme closes on 30 September. The application…
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Grappling with SEISS 5 and the new turnover test

With the fifth in the series just days away, the Self-Employed Income Support Scheme (SEISS) seems intent on overtaking the Fast and Furious film franchise (which currently stands at nine). This time around, the twists and turns come in the form of a new turnover test which determines how much the applicant is entitled to…
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£5.5bn paid in fourth SEISS grants

The latest Self-Employment Income Support Scheme (SEISS) figures show that two million self employed individuals have claimed for the fourth grant HMRC figures indicate that £5.5bn has been paid out for SEISS claims to support the self employed deal with loss of earnings due to the pandemic. The claims window for grant four closed on…
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