Robert Dalgleish

HMRC COVID-19 Support

HMRC HMRC has announced that it will not charge: 1. Late filing penalties for those who file online by 28‌‌ ‌February 2022. 2. Late payment penalties for those who pay the tax due in full or set up a payment plan by 1‌‌ ‌April 2022. Full details here: https://www.gov.uk/government/news/hmrc-gives-self-assessment-taxpayers-more-time-to-ease-covid-19-pressures

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Small Business Overhead Costs

Employment is the largest overhead cost for small businesses, as it includes wages and salaries, bonuses, annual leave, sick pay, pensions etc. A rule of thumb measure is that a small business is performing well if total overhead costs do not exceed 35% of total revenue. This is trickier for new startup businesses which are

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