About Sophie Seddon

Since 2013, Sophie has been an integral part of the Big Hand team. As a social butterfly, Sophie is mostly responsible for introducing new clients to the company. If you’re an avid networking, you’re most likely to meet Sophie at local events. Alongside attracting new business, she also assists with account management, and she manages payroll on behalf of clients. For fun, Sophie loves to keep fit running or playing korfball with her team. She is also in the middle of learning a new language and so her most recent challenge is attempting to read Harry Potter in Dutch.

Reporting Expenses and Benefits

Expenses & Benefits Reporting Deadline 2020-21 Tax year The details The deadline for reporting any expenses and benefits, provided to any employees in the 2020-2021 tax year, is the 6th July 2021. What you need to do You can report these through the following methods; Payroll HMRC’s PAYE online service (up to 500 employees) HMRC’s [...]

COVID-19 Business Support

COVID-19 Business Support Self-Employment Income Support Scheme The 4th grant is now available to be claimed by those who are eligible.  The deadline for all applications is the 1st of June 2021. To be eligible you must: You must have traded in both the 2019-20 and 2020-2021 tax years. Be a self-employed individual or a [...]

VAT Reverse Charge

VAT Reverse Charge On the 1st of March 2021, the VAT reverse charge was introduced. Does it affect you? What is it? The VAT reverse charge means you will charge yourself VAT and then claim it back as input tax, which is subject to the normal rules. So, in theory, you are acting as both [...]

Budget March 2021

Budget 3rd March 2021 The Chancellors Budget announcement yesterday has confirmed that some of the current COVID-19 business help schemes will be extended. It also announced new schemes and restart grants that will help to kickstart the economy as we take the long road out of lockdown. Furlough Firstly, the Budget announced that the furlough [...]