Nicola Fowler, Author at NJF Accountants

An introduction to the tax system for the self-employed

Here is an overview of some of the main things to consider.

We highlight the key VAT areas you need to consider when running your business.

This note only covers the third grant, which covers the period from 1 November 2020 to 31 January 2021.

The Construction Industry Scheme (CIS) VAT reverse charge applies to construction services from 1 March 2021.

The Coronavirus Job Retention Scheme (furlough scheme) has now been extended until the end of March 2021.

The following is a brief guide on some of the factors which need to be considered, ideally before trading begins.