Current News

Here, you will find current stories relevant to the practice or tax issues that may affect you.  If you wish to add an article, please feel free to email it to us so that we can review it and add to the website if need be, many thanks.

Self-Employment Income Support Scheme
Some traders may find that their income is so low, they are only able to apply for Universal Credit to provide an income.  However, if you're fortunate enough to have made a modest profit in 2018/19, then you will be invited by HMRC to apply for this grant.  HMRC will invite you to apply for it and if successful, you will receive 80% of your net profit as a taxable grant to provide an income whilst trade is down during the Covid lockdown.  To read more, please click on the link below which will take you to HMRC....
Other News
During this period, keeping accurate financial records are vital.  There are numerous schemes and loans being offered by HMRC but you will need to ask yourself if you really need the support.  Universal credit is offered to those with little income, the scheme shown above which is a taxable grant and so will be included in next year's Tax Return.  Then there's the bounce back loans which are interest free for 12 months, then 2.5% interest thereafter.  For more information from HMRC regarding this, please click on the button below.

© 2014 onwards

Accountants of Worcester (AOW) Ltd

​Companies House Reg :   11299654
Tel: 01905 570780
Email: info@aowltd.co.uk​


Address​​​​​​: 65 Beltex Drive

           Worcester

            WR5 2FE

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AAT Licence  1001274

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Sun/Monday      -  Closed
Tues to Thurs    -  10am until 4pm
Friday/Saturday-  10am until 1pm
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