Keep updated with Whyfield news
and the latest industry insights...

  • News

    Self-Employed Income Support Boos from Chancellor

    Self-employed workers can now access a second lump sum of cash from the Self-Employed Income Support Scheme. Funding from the government scheme will cover lost income for businesses who have suffered while the country is in lockdown.

    The grants will be worth 70% of a self-employed person’s average monthly trading profits and will cover three months’ worth of income to those who are eligible.

    They are capped at £6,570.

    The scheme so far has been used by 2.6 million people. £6.8bn has been paid out to self-employed individuals who have been affected by the impact of coronavirus on the economy.

    This is the second and final time grants will be offered, the chancellor has said.

    Mr Sunak offered the first grant to the self-employed in March, paying 80% of average monthly trading profits, capped at £7,500.

    The Self-Employment Income Support Scheme

    If you are looking for further information about the SEISS itself, it can be found in our previous news story covering it in detail.

    Read about the SEISS.

Follow & Connect with us...

Lets work together...

 

 

 

Call us on 01872 267 267 or fill in our contact form, to discuss how we can help you.

Almost 1 million late filing penalties were imposed by Companies House in January 2020.

We understand Companies House compliance

Find out more

All workers must be automatically enrolled onto a qualifying pension scheme. Let us take this off your hands.

We take care of Pension Auto–Enrolment

Find out more

Cloud accounting has become a necessity. While it may still seem daunting to some, we are here to enable you and your team in becoming cloud experts.

We offer training

Find out more

From April 2019, Making Tax Digital kicks in. All of our clients are compliant or well on their way to being it.

We're ready for Making Tax Digital

Find out more