YEAR END STATUTORY ACCOUNTS Preparation and submission of year end accounts is one of our standard compliance services. This relates to limited companies, sole-traders, partnerships and LLPs and includes preparation and also submission to the authorities where appropriate.

We are to help with all your questions in these difficult times.

The scheme is open if you have a trading profit of below £50,000 in 2018-19 or an average trading profit of below £50,000 from 2016-17, 2017-18 and 2018-19.

People must have traded in the 2019-2020 tax year and intended to continue trading in the 2020-2021 tax year

Open to those who have majority of income from self employment (more than 50%), have submitted a tax return for year ending April 2019 (or will do within 4 weeks of now by April 23rd 2020),

must be registered already as self employed and have trading profits of up to £50,000 (basic rate taxpayers)

Taxable grant paid each month directly from HMRC of up to 80% of gross income or £2,500, whichever is lower. Once ready you will fill an online form at HMRC to enrol

Update 26/3/20 - The Coronavirus Bill passed the House of Lords and received Royal Assent and today the Chancellor has confirmed the scheme. Below are the rules and further below is a calculator to check how much you can receive:

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