If you are a self-employed Briton, chances are you are already aware of the SEISS and may be preparing to make your first or a subsequent claim under this scheme. If so, it is important to note that the scheme does carry tax implications. In addition, claimants must be prepared to provide more documentation than under previous iterations of the scheme, as well as to meet stricter criteria. If you intend to file for coverage under the SEISS but are unsure where to begin, you would likely benefit from working with a tax accountant in Epsom.
As mentioned above, the SEISS scheme has tax implications. If you’re unsure how to calculate your profits from the 2020 financial year and where the SEISS fits in, consider contacting a tax accountant in Epsom in conjunction with your application. Putting together a claim that demonstrates eligibility and has all the necessary information is the best way to ensure your application is successful. Failure to do so may delay funding from the scheme or even mean you miss out altogether. Tax accountants understand the relevance of this scheme and how you can demonstrate your eligibility to HMRC.
One agency with tax accountants in Epsom is David Beckman & Co. Ltd. The agency is experienced with making successful claims under each iteration of the SEISS. If it’s important for you as a self-employed Briton to obtain the financial support that the SEISS offers, you must endeavour to file the strongest possible application. Failing to do so or demonstrate that your operations have been disrupted by the COVID-19 pandemic may result in your application being rejected. Another possibility is that you experience considerable delays in receiving the funding that you need as a result of an incomplete or weak application. Putting everything you can into making a strong SEISS claim is very worthwhile.Read More